The US government understands that elderly people face financial as well as medical issues, more than any other age group. Disabled people also face the same circumstances. Keeping in mind, the severity of these issues, US government health department provides many options to these audiences.
In Arizona, a Medicare insurance policy cannot fulfill all of your medical needs. You will need a supplemental Medicare health insurance for better medical coverage. The supplemental Medicare health insurance is offered by the private health insurance companies, authorized by the US government health department.
Why opt for Medicare Supplement Insurance?
Medicare supplement insurance is also termed as Medigap insurance policy because it fills the gaps that remain after the Medicare insurance coverage. Sold by the private insurance companies, Medigap policies cover some of the health care cost that Medicare doesn’t cover like co-payments, co-insurance and deductibles. If you buy a Medigap policy with the original Medicare plan, Medicare pays its share while the Medigap pays its own share. Paying a premium amount for a Medigap plan will result in covering all the medical expenses from hospitalization to a blood transfusion.
Things you need to know about Medigap policies:
It is mandatory that you purchase Medicare Part A and Part B if you are going for to buy a Medigap plan. If you have a Medicare Advantage Plan, you can apply for a Medigap policy however, make sure that you can leave the Medicare Advantage Plan before your Medigap policy begins. It is also noted that the policy covers single person at a time. If you and your spouse both need the policy, then you should buy the plans separately.
Medigap insurance policies in Arizona can only be bought through the licensed insurance company. It also goes in your favor that any standardized policy is guaranteed renewable even if you have health problems. This means the insurance company cannot cancel your policy as long as you pay the premium.
Some of the old Medigap policies cover prescription drugs but the prescription drug coverage is not allowed anymore. You can only have benefits after joining Medicare Prescription Drug Plan (Part D). You should also make sure that you do not have any Medicare medical savings Account plan because it is illegal in Arizona to keep Medicare savings account and Medigap policy at the same time.
Best time to buy Medigap:
The best time to buy a Medigap policy is during your 6-month Medigap open enrollment period. This is because you can buy any Medigap policy sold in Arizona, even if you have health problems. This period automatically starts the month you are 65 and enrolled in Medicare Part B (Medical Insurance). After this enrollment period, you may not be able to buy a Medigap policy. If you are able to buy one, it may cost more.
During the open enrollment period, you have the option to buy any Medigap policy that the company sells regardless of any health problems. Outside the open enrollment period, the companies are generally allowed to use medical underwriting to decide whether to accept your application and how much to charge. AZMEDICARE facilitates its patients in both the situations.
Tips while buying your Medigap policy:
- Fill out the application carefully and completely including medical questions. The answers you give will determine your eligibility for open enrollment. This is also known as Medigap protection.
- If someone else is filling the application on your behalf, check to make sure it’s correct.
- Remember that the insurance company cannot ask you any questions about your family history or require you to take a genetic test.
- If you buy a Medigap policy during the open enrollment period, the insurance company can’t use any medical answers you give to deny you a policy or change the price.
- If you provide evidence that you are entitled to a guaranteed issue right, the insurance company cannot use any medical answers you give to deny you a policy or change the price.
- It is the best option to pay by check, money order or a bank draft so that it may serve as documentary transaction evidence. If you are buying from an agent, make it payable to the company not the agent. You should also ask for the receipt with the insurance company’s name and address. The receipt should also be electronic.
AZMEDICARE and Medigap plans:
AZMEDICARE provides all the Medicare supplemental plans in Phoenix, AZ. The company also offers Arizona Medicare Advantage plans. AZMEDICARE has one of the best reputations in private insurance companies, authorized to sell the Medigap plans.
The company offers 12 standardized services plans so that the customers may choose the most suitable according to them. Medigap plans are labeled A through L and offer an increasingly comprehensive set of covered services. For example, a Medigap A policy is the most basic policy. A Medigap B policy will cover everything the Medigap A policy does and will offer some extended benefits, but it will not offer as many benefits as a Medigap C plan does and this debates goes on.
The premium amount for the plans varies from company to company. AZMEDICARE offers the best Medigap plans at the best price. The company also deals its clients outside the open enrollment period. The US government has set a dozen standardized Medigap plans so there is no difference in the coverage however the difference lies in the premium cost which is very reasonable in case of AZMEDICARE. You can give a call or stop by to get information about the medicare supplemental plans in Phoenix, AZ.