Medicare Supplement Insurance
Heartland Health Insurance realizes that navigating the world of Medicare supplemental insurance can be a dizzying experience. With all of the options available and nuances to each plan, it’s a lot to digest.
The good news is, we are here to help!
How Does Medicare Supplemental Insurance Work
Medicare supplemental insurance helps reimburse you or your healthcare providers for many of your typical out of pocket medical expenses, such as copays, coinsurance, and/or deductibles. Therefore, these policies aren’t like most health insurance plans, which cover the actual medical visits, tests and procedures.
Each month you pay a premium in exchange for the plan, and the plan benefits can vary greatly. In order to be eligible for medicare supplements, you must already be enrolled in Part A and B.
Typically, we advise our clients to select a policy during the “Open Enrollment Period”. During this time, benefits can’t be restricted based on a pre-existing condition, but your plan may have a waiting period before certain medical treatments will be covered.
Enrolling during open enrollment is not mandatory, you can sign up at any time. Please note, seniors covered by Medicare Part C or Medicare Advantage are not eligible to purchase a Medicare supplemental policy.
