Massachusetts Medigap insurance is sold by private companies and can help cut your medical costs. Your Medicare will pay around 80% before the private insurance company steps in and pay its part. This significantly reduces out of pocket medical costs and increases benefits. Medigap can also be known as Medicare Supplement insurance.
What are Some Requirements Concerning Medigap Massachusetts Policies?
Before you go about receiving a Medigap insurance Massachusetts policy – it is imperative that you have both Medicare Parts A & B.
Furthermore, you want to make sure that you are paying your private insurance company the required monthly premium in addition to what you already pay to Medicare. If you have multiple people that need Medigap Massachusetts policies, then each person will need their own Medigap coverage. Also remember you cannot take out a Medigap policy if you already have a Medicare Advantage plan.
Medigap Insurance Massachusetts – Can I get Coverage?
In Massachusetts, it is illegal for insurance companies to limit or refuse you based on pre-existing conditions while in your Open Enrollment. If you do come across a situation where you are refused and you are not under the age of 65 you need to call Medicare directly as this is the law. Outside of your open enrollment period carriers can make you answer health questions and they can deny you coverage.
What Benefits Do Massachusetts Medigap Policies Include?
Here are some benefits that you can expect to receive if you decide to get a Medigap policy. Keep in mind that these are sold by private insurance companies, so they can vary in nature:
- Deductibles, co-insurance and co-payments
- Emergency care out the state
- Emergency care outside of the country
Some Common Misconceptions about Massachusetts Medigap Insurance
Medigap policies do not always cover the rest of the costs; they simply make the costs more affordable in some cases. Most Medigap policies do NOT cover:
- Long-term care
- Dental care
- Vision care
- No-charge hearing aids
- Private duty nurse
- Prescription drug coverage with new plans
It is best to see what the benefits of the company are before you sign up with them, because they are not all the same – some companies do make exceptions.
What Type of Coverage Will I Get?
If you choose to receive a Medigap policy to help offset some of your expensive medical bills, there are specific benefits that you’ll receive in addition to the ones that you are already receiving. These are all depending on the plan you choose.
- Foreign Travel – If you are experiencing an emergency and are in foreign place, you will receive coverage. This is not standard under the core Medicare plan.
- Cheaper Co-payments – For the majority of health treatments you will receive a lower cost on co-payments and deductibles, many of them being eliminated.
State Mandated Benefits – You will receive many Medigap Massachusetts state mandated benefits when you choose to get Massachusetts Medigap coverage. These services include yearly mammograms, pap tests, Infertility treatments, insurance coverage for autism, scalp hair prosthesis, oral cancer therapy, and chiropractic services.
Is It Too Late? – Medigap Insurance Massachusetts
It is never too late to get Massachusetts Medigap coverage if you already have Medicare. If you are outside of your open enrollment or don’t have a guaranteed issue circumstance then you need to know it’s the companies option if they will accept you or not.
In conclusion, it is important to know what you are eligible, so that you can cut costs and increase benefits. A Medicare Supplemental insurance plan can save you a bunch of money and stress.