Category Archives: Medigap NY

Basic information about Medigap in New York

If you registered in Medicare part A and part B you actually have the alternative to also enroll in a Medigap plan in New York. These add on plans help cover holes or ‘Gap’ costs in original Medicare. These types of cost consist of copayments, coinsurance, deductibles, and other out-of-pocket expenses. In most states, including New York, there are ten Standardized Medigap plan options. These plans are labeled as letters just like original Medicare.

What do we mean standardized plans?

Regardless of where you buy your plans from, each plan will be the same. Coverage from Plan A from one insurance company to another has the same benefits. The only different is the price tag. Each company charges a different premium. Another important thing to consider is customer service. If you need answers and the companies you are working with cant answer them, it might be time to look for another company. We at eMedigap-plans are 100% dedicated to customer service. We listen to what health coverage you need and recommend a plan on your requirements.

When’s the best time to enroll in Medigap?

While a beneficiary already enrolled in Medicare part B may enroll in a Medigap policy in New York at any time after age 65, the best time to do so is during the six month Medigap open enrollment period (OEP). The OEP begins on the first day of the month that you are both age 65 and enrolled in Medicare Part B. During this six-month period, you have the guaranteed-issue right to enroll in any plan, without fear of medical underwriting, higher monthly premiums, or exclusion from complete coverage.

However, if you choose to enroll after OEP, you may be required to submit a medical history for underwriting purposes, and could be denied or charged more for coverage due to any pre-existing conditions.

Learn more about Medigap plans and rates at http://emedigap-plans.com/new-york-medigap-insurance-plans. Medigap Insurance brokers will help you compare New York  Medigap Insurance rates and plans.  To talk to an expert in Medigap New York coverage call toll free 888-452-7949 today!

 

5 Important Facts That You Should Know About Medigap in NY

If you reside in New York and still wondering what a Medicare supplement is, well, to clear the dark cloud, Medicare supplement, also known as Medigap Insurance is a private health insurance policy that supplements the original Medicare plan. This means that Medigap covers part of the medical expenses that are not covered by Medicare. However, many people think that a Medicare supplement is a way to win Medicare benefits, but this is wrong.

Some details surrounding Medicare supplement insurance are confusing. If you act with the wrong information, it could lead to regrets down the road, so it’s wise to fortify yourself with these 5 important facts before purchasing a supplement plan in New York.

  • Medigap policies are meant to bridge the gaps that Medicare does not cover. Hence to get a supplement, you have to pay an additional fee on top of your Medicare plans. It’s a must to have Medicare part A & B before you can purchase a supplement.
  • In New York and other states, Medicare has ten standardized supplement plans – Plan A, B, C, D, F, G, K, L, M and Plan N. Medigap plans in New York are the same regardless of age or health status. However, the prices vary among different companies that operate in the state. So make sure you do thorough research and compare prices before you purchase a supplement plan. It pays to check with various companies available in your area before buying so that you can choose a plan that fit into your budget and health requirement, and not all companies offer all 10 plans.
  • In New York and other states, Medicare has ten standardized supplement plans – Plan A, B, C, D, F, G, K, L, M and Plan N. Medigap plans in New York are the same regardless of age or health status. However, the prices vary among different companies that operate in the state. So make sure you do thorough research and compare prices before you purchase a supplement plan. It pays to check with various companies available in your area before buying so that you can choose a plan that fit into your budget and health requirement, and not all companies offer all 10 plans.
  • Unlike in the past where one cannot get prescription coverage through Medicare, the current law stipulates that you can now get prescription coverage through Medicare. However, you cannot get prescription coverage from Medigap because there are no more gaps. So you can only get one through Medicare. However, if you need prescription coverage, kindly visit the official Medicare website and you will be instructed on how to fix the problem.
  • The law states that it is an offense to try to sell additional plans aside from the 10 standardized plans. The standard plans offer a wide range of options from which you can choose the right plan that is best for you. Run with a light speed from any agent or company that tries to sell any additional Medicare supplement coverage. It is unnecessary.

Finding the right Medigap Coverage in New York doesn’t have to be a challenge.  With these helpful facts coupled with your little research, you can easily get an appropriate coverage that is best for you.

Learn more about Medigap plans and rates at http://emedigap-plans.com/new-york-medigap-insurance-plans.  Medigap Insurance brokers will help you compare Medigap Insurance rates and plans.  To talk to an expert in Medigap coverage call toll free 888.404.5049 today!