Medicare Supplement policies are that help to cover your health care costs, in other words it pays the 20% after Medicare pays. If Medicare denies services, your Medicare Supplement will NOT pay either. The great thing about Medicare Supplement policies is that you have coverage OUTSIDE of the United States with some plans. Medicare does not pay for services outside of the US.
The BEST time to buy a Medicare Supplement policy is 3 months before or after turning 65 years of age to enroll in Part B (medical). If you have worked at least 40 quarters you automatically have Part A (hospital). Or, if you lose your secondary coverage such as through a employer-based (retiree) coverage you have 63 days from the date of termination. These rules apply no matter what state you live in. Some states only allow you to enroll in Medicare Supplements during certain times of the year.
If you have health issues, you might have a problem getting a Medicare Supplement Policy. For those of you that are under 65 and covered by Medicare, you are NOT guaranteed to be able to get a Medicare Supplement policy. However, under 65 these policies are VERY expensive if you can get one.
If you have questions about when you are eligible to sign up for a Medicare Supplement policy you can contact your state’s Department of Insurance or you can check with a reliable insurance agent.
If we can be of assistance, please feel free to email or call us at 800-504-9501..
