Medigap Plan B
Medigap Plan B offers similar benefits as Plan A but it also includes coverage of Original Medicare’s Part A hospital deductible.
One risk to pay attention to is knowing that the Medicare Part A Deductible isn’t annual, you may have to pay for it out of pocket every time if you don’t have a plan that covers it.
What does Medigap Plan B cover?
Medsup Plan B covers everything Medicare Supplement Plan A does in addition to your Part A deductible. The great news is the following 4 things are covered!
- Medicare Part A coinsurance payments for inpatient hospital care for up to an additional 365 days after Medicare benefits are exhausted
- Medicare Part B copayment or coinsurance
- Up to 3 pints of blood as needed during a medical procedure.
- Part A hospice care expenses, like copays and coinsurance
- Part A hospital deductible
Please focus on that last point. If you have more than 1 hospital stay in a year you will save thousands by having the right plan in place before it is needed. Many people spread misinformation about Medicare Supplement Plans and Medigap Plans. It is important to know how these plans work. Ask a licensed Medicare agent at Medicare Policy Center how much you could save with a Medigap policy.
How do I enroll in Medicare Supplement Plan B?
You can enroll in any Medigap plan when your Medicare Part B becomes effective. Once you meet that requirement, you have six months to enroll in a Medicare Supplement Insurance plan with guaranteed issue. There are many enrollment periods to know about in order to guarantee your
However, you can enroll anytime. Outside of open enrollment, you only have to answer some simple health questions.
How much does Medigap Plan B cost?
Each insurance company that offers a Medigap plan will set their own premium based on the data in their area. This means your zip code, gender, age, tobacco usage, and other factors could affect the premium of your plan.
Each carrier MUST offer the same coverage for each standardized Medicare Supplement and Medigap Plan. It is likely in your best interest to talk with a licensed broker that will be able to offer you the lowest cost plan in your state.