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Are you 65 years old? or nearing age 65? Decidedly, you will have to buy a Medicare plan for you. But what if you already have a Medicare plan and is not enough? The basic Medicare policy typically covers just 64% of your annual healthcare costs. This means you can still have medical expenses that Medicare doesn’t cover. Therefore getting a Medicare Supplement insurance plan is essential. Before you buy a Medicare Supplement insurance plan, you need to be enrolled in Original Medicare, Part A, and Part B.
Do you need a Medicare Supplement insurance plan when you retire?
Before deciding whether you need a Medicare Supplement insurance plan when you retire, you may want to read this brief overview of this type of plan:
- You are an avid traveler, often moving out of the United States and needs foreign travel coverage for emergency medical care abroad, which Medicare Part A and Part B might not provide.
- During the year, you are most likely to have multiple hospital stays.
- You require frequent Doctor consultation and medical services.
So to meet your Medicare coverage gaps, you need to get a Medicare Supplement plans to save money. Foreign travel medical expenses are covered by some of the Medicare Supplemental plans( Plan C, Plan D, Plan F, Plan G, Plan M, and Plan N).
Medicare Supplement Plan Eligiliby and the Open Enrollment Period (OEP).
So if the Medicare plan is not enough for you and you are considering to get a Medicare Supplement plan, you should know about the eligibility. Open Enrollment Period (OEP) is generally the best time to sign up for a Medicare Supplement insurance plan. You have a six-month period to apply when you’re 65 and enrolled in Medicare Part B. At this period, your eligible for getting the plan and can not be denied for the acceptance. Some states have additional Open Enrollment Periods for those people under the age of 65.
Where to buy a Medicare Supplement Plan?
Selectmypolicy.com provides you services wherein you get free quotes from an array of health insurance products. Here you can compare the quotes and find the best-fitted Medicare policy for you. Get yourself perfect health insurance that provides you maximum coverage at the lowest cost. Go to the SelectMyPolicy.com, fill in the details of your basic requirements to get the best results of health insurance plans matching your needs. By completing the form, you may receive online price quotes as well as get matched with licensed insurance professionals in your area.