Georgia Medicare Supplement plans are available to those who receive Medicare benefits. Traditional Medicare is the standard Medicare coverage that covers those who meet the eligibility requirements.
Although Medicare pays a large percentage of medical costs, it doesn’t cover all expenses. This gap in coverage is the sole responsibility of the insured. This can be a huge financial burden to recipients, Georgia Medicare Supplement insurance can alleviate the hole in coverage that is left after Medicare pays their portion of your medical bills.
Georgia Medicare Supplement Plans
Although this supplemental coverage for Medicare in Georgia pays some of the costs, the plan will not pay your Part B premium that Medicare requires. Part B Medicare coverage typically covers doctor visits and other services that don’t require a hospital stay.
Typically, most Medicare recipients have their Part B premium deducted directly from their Social Security benefits, so the premium is automatically paid each month. One huge benefit of Medigap coverage is the portability. Medigap can be used in any United States territory or state, so if you move within the U.S. or to a U.S. territory you’ll still be covered.
Let’s review the most popular plan in Georgia among Medicare beneficiaries.
Medicare Supplements in Georgia for Under 65
For those under 65 years of age receiving Medicare benefits, there are supplemental plans available to you. In the state of Georgia, all 10 letter plans are available through private insurance carriers in the state. However, Georgia Medicare Supplement rates won’t be the same as those over 65 years of age.
State of Georgia Medicare Supplement Insurance Eligibility for Coverage
State of Georgia Medicare Supplement insurance qualifications include being enrolled in Medicare Part A and Medicare Part B. This is a mandatory requirement to qualify for Medigap coverage in Georgia or any other U.S. state or territory. In addition, the private insurance company must be a licensed carrier in the state.
Best Time to Enroll
The best time to enroll is during Open Enrollment. This begins the first day of the month a person turns 65 or older and is also enrolled in Part B of Medicare. During this time, Medicare recipients can enroll in any Georgia Medicare Supplement plan without having to go through medical underwriting.
Every plan is required to accept any qualified Medicare recipient if they enrolled during their OEP. The insurance company cannot charge higher fees for those that have pre-existing medical conditions during Open Enrollment.
It’s important to understand that each person within a family must carry their own policy; unlike many medical insurance plans, Medigap or Supplemental coverage only covers one individual. Go here for more information on Medicare & Medicare Supplement Open Enrollment dates.
Costs & Other Information
The billing is the same as any other medical insurance. Every month the private insurance company will bill the insured Georgia resident their premium amount due for that month. The list of Georgia Medicare Supplement plans include ten different types, the premium amount could vary greatly.
The costs associated with your policy will depend on the specific plan that you have chosen. This payment will be paid directly to the private medical insurance company that you have chosen to provide this coverage. Supplement plans can truly provide significant cost savings and peace of mind to the insured.