Senior Health Insurance for Texans
To find out more about Texas Medicare Supplement Insurance plans and to get a quote, simply contact us. We will provide you with some plans from the top rated companies that we represent. We will also discuss Medicare coverage and guidelines with you. We'll discuss what your needs are and review the various plans available for you. These plans are made easy for you to understand how they work with Medicare.
You will have many plan options to choose from. The modernized benefit policies are “A, B, C, D, F, High-Deductible F, G, K, L, M, and N.” Since they are standardized, by law each insurance companies plan offers the same basic benefits.
Probably the most popular Texas Medicare Supplement Insurance plan is Plan F. Most people choose Plan F because it covers all the deductibles and all the coinsurance. In order not to have any additional out-of-pocket costs, it has to be a Medicare approved expense. Another popular plan is Plan G. The main difference between the two plans is that Plan G does not cover the Medicare Part B deductible like Plan F does. Plan G is generally has a lower premium than Plan F, which usually offsets the Part B deductible cost.
It's important to have a Texas Medicare Supplement Insurance plan.
The original Medicare program is designed to provide health benefits, but it doesn't cover the total cost of health care, or leaves gaps in coverage such as deductibles and coinsurance, for hospitalization, doctor visits and other medical services. Individuals that have enrolled in original Medicare program may decide they need a plan because it provides supplemental health insurance coverage to fill in the gaps.
Here's an example of how having a Texas Medigap Policy can benefit you:
Say you were on Original Medicare only, you're out of pocket could consist of Medicare Part A deductible and Medicare Part B deductible. Medicare will then pay 80% of the Medicare approved expenses. That can be a hefty unplanned expense if you haven't covered the gap!
Now let’s say you have a Medigap policy, like a Plan F that picks up the Medicare Parts A and B deductibles as well as the 20% of Medicare Part B expenses. By purchasing a Medicare supplement plan and combining it with Medicare, your Medicare approved out-of-pocket expenses can end up being next to nothing. This type of advance planning for the unexpected covered medical expenses can be very advantageous.
You can switch from one Texas Medicare Supplement insurance plan to another. You generally do not have to wait to switch to a different Medicare supplement policy and can do so any month. However, if you had a Medicare Supplement insurance plan for at least six months (from Part B) and you decide to go to another company, your new plan will be underwritten. If you are on a plan for less than six months, the new Medicare supplement insurance policy must give you credit for the time the older policy covered you.