When you are enrolled in Traditional 2018 Medicare Supplement plans , you usually have Part A (hospital) and Part B (medical) basic coverage. To help pay the costs that Medicare does not cover you have three options:
Add a Prescription Drug Plan (Plan D) to add drug coverage
Add Medicare Supplemental Insurance, also referred to as ‘Medigap’, to cover the gaps in your Traditional Medicare Plan
Switch to a Medicare Advantage Plan (Plan C), as an HMO or PPO, that provides all your Part A, Part B, and often Part D coverage
Am I Eligible For A Supplemental Plan?
Medicare Supplement Plans only work in conjunction with the traditional Medicare Plan. Typically, you must have Medicare Part A and Part B in order to be eligible for a Supplement Plan. Your application will be accepted if you are 65 or older and apply within six months of your initial enrollment in Plan B of Medicare.
Am I Eligible For An Advantage Plan?
You can generally join a Medicare Advantage Plan if you meet these conditions:
You have Part A and Part B
You live in the service area of the plan
You don’t have End-Stage Renal Disease (ESRD) (permanent kidney failure requiring dialysis)
When Can I Join Or Switch?
You make your choice when you are first eligible for Medicare. Each year you can review your health and prescription needs and switch to a different plan during the Annual Election Period from November 15 through December 31. You are able to make changes to your Medicare health insurance during this time.
How Do I Select The Best Medicare Supplemental Insurance or Advantage Plans For My Health Needs?
Gather all of your personal information on your current health care and/or prescription drug coverage
Make a list of the drugs you currently use
Write down your desired coverage
Calculate the maximum premium you can afford
Decide whether a Medicare Supplement Plan or a Medicare Advantage Plan is right for you
Compare and select different plans
Select the plan that will best meet your health care needs