Compare Medicare Supplement Plans in Florida

Florida Medicare works with Medicare Supplement Plans to provide you with better coverage for all of your medical needs.

These supplement plans are just insurance policies that are sold by private insurance companies, and they are often called Medigap plans.

Gina was out on a boat with some friends, and she ended up falling. Once she got back to land, she went to the hospital to be checked out. This is where Part A coverage works. However, Gina has to meet her deductible of $1400.

This deductible is for each benefit period, which means that she could end up paying a lot more each year, especially if she ends up getting hurt again.

If Gina has a Medicare Supplement Plan, then her Part A deductible will be covered every single time.

If Gina has to go and see her regular doctor as a follow up for tests, then her Part B plan will cover this. However, Part B will only handle 80% of her medical costs for her doctor’s visit. Gina will end up paying the remaining 20% of the bill.

The Part B deductible is $200, and with a Medigap plan, Gina will not have to pay the remaining 20% as it will be billed to her insurance.

If you are getting Railroad Retirement Benefits or have been on Social Security Disability for 2 years, then you will be automatically enrolled in Medicare Part B and Part A.

You will also be able to enroll for any supplement plans in Florida. You should remember that your premium is going to be much different from someone who is over the age of 65.

Many insurance companies are going to charge a premium every month for any Medigap plan. These premiums may be different based on the company, and it will depend on where you live, how old you are, and if your male or female. If you live in Miami, your premiums may be different than your sister, who lives in Orlando.

The rate you get may also depend on the type of pricing method that your insurance company happens to use.

3 pricing methods are used:

• Attained Age, which is where your premium will increase as you age.
• Issue Age, which means that your premium will be based on how old you were when your policy started.
• Community Rated, which is where every person in your community is going to pay the same amount, and their age does not matter.

The good news is that Florida is an Entry Age or Issue Age rated state. This method is better because your premium will not go up as you age.

Medicare Part A and Part B are replaced by the Medicare Advantage plan.

Some enroll for Medicare Advantage instead of a Medigap policy because the premiums tend to be much cheaper in the long run. Yet, over time they can end up paying a lot more out of pocket for expenses.

Many people who enroll for an Advantage plan will end up going back to Medicare during the Medicare Advantage Disenrollment Period or MADP.

This is because there are a lot of network limitations and high out of pocket costs with an Advantage Plan from Medicare.

If you want to enroll in a Medigap plan, you will need to be 65 years of age and enrolled in Part B from Medicare. The Medigap plans are not available for anyone who is enrolled in a Medicare Advantage plan.

If you still have union coverage or employer coverage, you can avoid a penalty if you enroll once the coverage ends. Voluntary loss of coverage will still allow you to qualify to get GI rights.

If you have union coverage or employer coverage, but you do not enroll for Part B coverage once you become eligible, you could pay a late enrollment penalty. The initial enrollment period or IEP is a 7 month period that lands around your 65th birthday.

You can sign up once the IEP has ended, but you have a penalty attached to the premium each month. The longer that it takes you to sign up, the higher your penalty is going to be.

Medigap plans and Traditional Medicare do not cover medications, so it is best to enroll in Medicare Part D.

These plans work with Medicare and Medigap plans. The best package is Medicare Part B and Medicare Part A, Part D, and Medigap coverage.

The most common purchase for Medigap plans in Part F, Part N, and Part G.

Plan N is considered to be a cost-sharing plan. It has a small copay for emergency room visits and some office visits.

Plan G is a popular option. It can cover almost all of the benefit options and costs less than Plan F. The only thing that it does not cover is the Part B deductible.

Plan F is the most popular option. It has the most benefits, and it has a version that has a high deductible that has a lower premium but still has all the same benefits.

Does Medicare Cover Dentures?

It does not cover any routine dental care, so it will not pay for dentures. However, you can get a Medigap plan that has dental insurance. You should keep in mind that some Medigap policies will have coverage for dentures.

Does It Cover Home Health Care?

Yes. However, you will need to be under the care of a doctor, need speech therapy, need skilled nursing care, or be homebound. It should be noted that a home can be considered adult family care housing, apartments, houses, or assisted living centers.

Does Medicare pay for assisted living?

No. It will not cover assisted living. It does pay for limited stays in skilled nursing facilities after being released from a hospital. The stay will need to be longer than 3 days.

If you want to apply for Medigap insurance, prescription plans, Medicare Advantage plans, or just have questions. You can fill out the form below.

Give us your information and be able to compare rates with all the best insurance carriers for your area.

These services are free to use, and we want to help you understand Medicare. You can call an agent and get all the help you need to find the best plan that will fit all of your needs.