As people get closer to 65, they start thinking about Medicare. Medicare Supplement Plans in Texas help people pay the “gaps”, or expenses, that Medicare Part A and Part B do not cover.
These include items such as co-payments, deductibles, and coinsurance for both hospital coverage as well as doctor’s services. Find the right Medicare supplement plan in Texas doesn’t need to be difficult. We can help!
Medicare Part A – This part covers staying in the hospital. There is a deductible which can be “reset” and must be paid again based on some circumstances.
Medicare Part B – This part covers visits to the doctor. Medicare generally pays 80%, and the patient generally pays 20%. There is also a monthly payment as well as a yearly deductible.
These bills could add up fast. Part A and B takes care of only a portion of the costs. This is where a Medigap plan comes in. There are currently 10 different Medicare Supplement plans in Texas as well as the entire country to help cover near to all of the costs that Part A and B don’t cover, based on the Plan you choose.
Each company that provides Medicare supplement plans in Texas provide identical coverage within each plan letter. For example, Plan F with Aetna is the same as Plan F with Mutual of Omaha. The big item to consider is that the monthly premiums by company for each plan letter can and do vary widely.
Some Popular Medicare Supplement Plans in Texas
Many people ask us “What’s the best plan available?” Well, there is no right answer to this question. Some people have medical issues and want all of their bills paid 100 percent no matter what the monthly premium. Other people are relatively healthy, don’t visit their doctor often, but know they need coverage in case they get sick or get a medical condition. Never let an agent tell you the “best plan” without first inquiring in depth about your current situation, your budget, as well as inquiring about any procedures coming up in the near future.
Medicare Supplement Plan F
Plan F is by far the most popular plan. This isn’t necessarily because it’s the best for everyone though. For years agents recommended Plan F to people simply because it covered 100 percent of the gaps in Medicare. Without checking their budget or health conditions they enrolled people in Plan F and got paid well for it.
Plan F does indeed cover everything. But when you find out what “everything” really is, and how much you’re actually paying to get everything, you might just change your mind. Now before we continue, if you’re the type of person who never wants to see a medical bill and budget isn’t a concern, then by all means enroll in Plan F. For most people though every dollar counts. That’s why you should seriously look at Medicare Supplement Plan G in Texas where there are great rates.
Medicare Supplement Plan G
Medicare Supplement Plan G is identical to Plan F except for one small item. On Plan G you pay the annual Part B deductible yourself each year. In 2014 and 2015 this deductible amount was $147. That’s a one-time per year deductible. Once you meet $147, you’re done for the calendar year, it’s not per visit.
The greatest thing about Plan G in Texas is that it has lower rates than Plan F. So much so in many cases that even if after you meet your $147 deductible you will usually end up saving a good amount of money on Plan G. Use our quote engine at the top of the page to check the rates between Plan F and G to see how much you can save.
Qualifying for a Medicare Supplement Plan in Texas
No one can be denied any Medicare Supplement policy sold by any Medigap Insurance company if they apply during the 6 month period that begins with the first day of the first month in which an individual first enrolls for insurance coverage under Medicare Part B at age 65 or older; or upon attaining age 65 for individuals that were previously enrolled in Medicare Part B prior to turning age 65.
Coverage and costs differ with all of the Medicare Supplement Plans in Texas. This is especially true when it comes to the company you choose. We can help you decide which Medicare Supplement Plan fits your needs and find you the lowest premium year-after-year!