Advantages Of Medigap
Medigap plans offered by the Health Insurance Companies provide you with other great advantages:
Calling this number will direct you to a licensed insurance agent
Don’t confuse this with Medicare Part C!
Medicare Supplement Plan K – Capped Out-of-Pocket ChargesThe limit is set at $6,620, which is how much you might be paying annually. Any more than the cap and the insurance policy will be covering the rest of your expenses for the year.
Medicare Supplement plans do not cover the following:
Beginning on the first day of your birth month, or when you have enrolled in part B, the OEP lasts for 6 months. Since you are buying your supplemental Individual Health Insurance during OEP, you:
Medicare supplement guaranteed issue rights make you eligible to purchase certain Medigap policies within 63 days of losing your group coverage after retirement. The guaranteed issue window is a shorter time span than the OEP but it works in the same way.You may choose between Plans A, B, C, D, G, F, K, L, M and N.IF moving out of state results in losing your Medicare Advantage coverage, you can avail your guaranteed issue right to apply for it in the new state.Keep the notices from your former insurance carrier safe since they prove creditable coverage or you might be charged the Part D late enrollment penalty.
If the time for both OEP and guaranteed issue has passed and you need Medicare supplement, you can purchase it after passing an underwriting. For that, you will have to answer some health questions, giving the insurance company the right to decline you.The Annual Drug Election Period is NOT the time you can change supplement without underwriting. It is related to Medicare Advantage and drug plans.
An insurance policy is often the only thing keeping you from financial ruin when the inevitable takes place. As such, your indemnity plan should be something that covers all of your assets. The agents at NavSav Insurance can help you find the insurance policies that fit your lifestyle. Our agents can help you find the best insurance plan to fit your needs. You may also consider bundling protections into one policy for even more convenience.
NavSav Health is a licensed health insurance agency certified to sell Medicare products. The information on this website is for informational purposes only and is not a substitute for professional medical advice, diagnosis, or treatment. The views,recommendations, and information presented here are solely those of Navsav Health and have not been reviewed or endorsed by Medicare.
By using this website, you agree to this disclaimer. If you disagree, please refrain from using the site.
We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area.Please contact Medicare.gov or 1-800-MEDICARE to get information on all your options.
Calling the number above will direct you to a licensed insurance agent
6250 Delaware Street
Beaumont, TX 77706
Work With Us!
©2023 NavSav Insurance