Get More Coverage with a Medicare Supplement Plan in the Dallas and Kansas City Metro
Medicare Supplement Insurance (Medigap) policy helps pay some of the health care costs that original Medicare doesn't cover, such as:
Medigap (Supplement) policies are sold by private Insurance companies. The benefits work as follows:
- Medicare will pay its share of the Medicare-approved amount for covered health care costs.
- Then, your Medigap policy pays its share.
What Is Important for You to Know About a Medigap/Supplemental Plan?
You must have Medicare Part A and Part B.
- If you are a Medicare beneficiary with a Medicare Advantage plan, you can apply for a Medigap policy. Never cancel your current Insurance plan until you receive a letter of acceptance into the new plan.
- You pay the private insurance company a monthly premium for your Medigap policy. You pay this monthly premium in addition to the monthly Part B premium that you pay to Medicare.
- A Medigap policy only covers one person. If you and your spouse both want a Medigap plan, you'll each have to buy separate policies.
- You can buy a Medigap policy from any insurance company that's licensed in your state to sell one.
- Any standardized Medigap policy is guaranteed renewable even if you have health problems. This means the insurance company can't cancel your Medigap policy as long as you pay the premium.
- Some Medigap policies sold in the past cover prescription drugs. But Medigap policies sold after January 1, 2006, aren't allowed to include prescription drug coverage.
- It's illegal for anyone to sell you a Medigap policy if you have a Medicare Medical Savings Account (MSA) Plan.
Medigap Policies Don't Cover Everything
Medigap policies generally don't cover long-term care, vision or dental care, hearing aids, eyeglasses, or private-duty nursing.
Contact us if you have questions about Medigap and you want to upgrade to a Medicare supplement policy. Based in Dallas, Texas, we proudly serve clients throughout Texas and Kansas City Metro.