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Medigap

There are various Medigap plans that allow Medicare beneficiaries to enroll in the most comprehensive coverage. Choosing a Medigap plan on your own can be frightening. With over 8 different lettered plans to choose from (Plans A –N) with different benefits (see below chart) we can navigate you through their differences to assist you in choosing the right plan for your budget.

Basics of Medigaps

Most Medigap plans cover the 20% that Medicare Parts A and B do not cover. Medigap plans are standardized by the government and are required to cover the same benefits as another carrier's plan.

Medigap plans have no network. You can get services from any doctor or facility that accepts Medicare. There are no networks or prior authorization required for services. They do not cover Medicare Part D so those plans can be purchased separately as well as any extra benefits such as vision and dental coverage.

* Only available to beneficiaries who became eligible in 2019 or earlier, and who enrolled prior to 01/01/2020

 

Medigap Eligibility and Enrollment

NO UNDERWRITING

The best time to purchase a Medidgap Policy is when you are first eligible for Medicare so no underwriting is required. This is called the Open Enrollment Period (OEP) in which you will have guaranteed issue status. (Example here cancer vs healthy same premium). It starts the month you are eligible for Medicare Part B and lasts 6 months.

UNDERWRITING

If you are outside your Open Enrollment Period (OEP) and you do not have a qualifying event to obtain Guaranteed Issue you will need to go through the carrier's underwriting process. Each carrier will require different underwriting questions and will have their own procedures, meaning some have strict underwriting and some have more lenient underwriting…… call us to find out more.

If you already have had a Medigap plan for several years chances are you are paying pretty high monthly premiums. There is no harm in testing the waters of underwriting to find a lower monthly premium, as long as you do not cancel your current policy.

Outside this guarantee issue period you will be subject to underwriting to obtain a policy.

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Let us help you find the most comprehensive plan!

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Perfiniti Insurance II, LLC is a licensed and certified representative of a Medicare Advantage organization (HMO, PPO and PFFS) and a stand-alone prescription drug plan (PDP). Enrollment depends on contract renewal. The purpose of this communication is the solicitation of insurance. Contact will be made by a licensed insurance agent/producer or insurance company. Medicare Supplement insurance plans are not connected with or endorsed by the U.S. Government, the Centers for Medicare & Medicaid Services, the Department of Health and Human Services, or the federal Medicare program. Plans are not available in all areas and may be subject to underwriting; terms and conditions may apply. For more information view our Privacy Policy and Terms of Use.

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