Medigap Insurance in Louisiana
When it’s time for you to choose from the 10 standardized Louisiana Medicare Insurance plans, you need to keep in mind your particular needs.
The important thing to keep in mind is the significance of having a Medicare Supplement insurance policy. If you don’t, you may end up paying considerably for medical bills. These bills can add up rapidly, and with Medicare, you will, on average, have only 80 percent of them covered. Louisiana Medigap Insurance can help with the shortfall.
If you are eligible for both Medicare Parts A and B, you are eligible for Medicare Supplemental Insurance, or “Medigap.” Louisiana Medigap Insurance fills in the gaps left by Medicare in health coverage. As a resident of Louisiana, you also have extra protection that isn’t available everywhere. If you lose group or employer coverage, there is a 63-day window where enrollment in a Medigap program is guaranteed.
The Louisiana Department of Insurance oversees all Medigap Insurance Louisiana programs offered in the state. Each plan’s benefits are set by Medicare and cannot be adjusted or altered. And, even though every Medigap Insurance Louisiana plan offers the same core benefits, additional benefits depend on which plan you chose. It’s important to understand that every insurance company provides identical Medigap Insurance Louisiana plans, but how much you pay depends on a number of factors.
Louisiana also allows insurance companies to offer Louisiana Medigap insurance plans as Medigap Select plans. These include the same benefits as regular Medigap plans but as HMO-type policies. These require you to get treatment from specific hospitals, but are offered at a lower monthly premium.
Insurance companies charge different fees or determine a premium based on several different things. Consider these factors when looking for Louisiana Medigap coverage. Some companies charge a one-time processing fee. Many insurance companies use a person’s ZIP code to help determine availability and premiums. Some companies use your age when you apply to help determine premiums. Some companies do not use age as a factor in determining premiums. This can be good news if you are older and looking for a Medigap policy. Some companies charge high premiums if you are a smoker.
Insurance companies are allowed to sell Medigap Louisiana policies by state. Not all policies are sold in all states, and insurance companies do not have to sell every Louisiana Medigap policy in another state. If you have a policy in one state and then moves to another where the insurance company does not offer that plan, you will either have to choose another policy or switch to a different provider. You should check with your provider before you move to a different state. In some cases the company has the right to offer you a plan in the state even if they don’t have a plan there.
All of the Louisiana Medigap policies have similar basic benefits. These include sensible costs for the first three pints of blood used each year, coverage of the co pay for Part A hospital stays and hospice care, a further 365 days of hospital benefits after Medicare coverage expires and the co pay for Part B Medicare. Each plan also has extra benefits, such as coverage for health emergencies, which occur outside of the United States, the deductibles for original Medicare and the coinsurance for preventive services.
Recent changes to state law make it easier for Louisiana residents who have Medicare due to a disability, end-stage renal disease, or Amyotrophic Lateral Sclerosis to get Medigap Louisiana. Any aged person can now qualify for an open enrollment period when approved for Medicare Part B. If under the age of 65 it is sometimes a little harder. You will need to speak with one of our advisors to see what options you have.