Texas Medicare Supplements - Texas Medigap Plans: Three Things You Should Know

Texas Medicare Supplements - Texas Medigap Plans: Three Things You Should Know

Texas Medicare Supplement plans provide Medicare A and B beneficiaries with additional coverage. Medicare Supplement insurance is also referred to as Medicare Plans. When enrolled, you will pay the insurance Carrier an additional monthly premium and in return, that Carrier will pay your Medicare deductible payments, co-payments and coinsurance.
There are up to ten different Texas Medicare Supplement plans available to Texas Medicare Part A and B beneficiaries qualify. With Medicare Supplement Insurance, it is important to understand that the letter of the Plan determines the coverage, not the insurance carrier. For example, a Medicare Supplement Plan G with Blue Cross Blue Shield provides the same exact benefits as a Medicare Supplement Plan G with United Healthcare / AARP. The only difference is what each carrier is charging for the Medicare Supplement Plan. In Texas, the best time to purchase TX Medicare Supplement insurance plans is the Open Enrollment Period.

This period starts 6 months before the enrollee is 65 & enrolled in Medicare Part B and lasts for 6 months after. You must first make sure you’re enrolled in Medicare, as you don’t qualify for the supplement until you’re enrolled in Original Medicare Parts A and B. The Open Enrollment Period is often referred to as the OEP. During this period, you are automatically approved. This means a carrier can’t deny you coverage due to a current or previous health condition. All your pre-existing health conditions are covered right away.

It is important to understand that you can shop your Texas Medicare Supplement Plan all year. Medicare’s Annual Election Period that runs from October 15th through December 7th does not apply to TX Medicare Supplement Plans.
Each Texas Medicare Supplement Plan is assigned a letter that determines the benefits. The letters are Medicare Supplement Plan A through Medicare Supplement Plan N and have tight regulations as to what benefits will and won’t be covered in each Plan. These benefits are regulated by the government, so regardless of the carrier you choose, the benefits will remain the same.

As I mentioned above, the only difference between each carrier is the price each carrier is charging. Therefore, Texas Medicare Supplement rates will vary from carrier to carrier. When comparing plans, beneficiaries should first take time to familiarize themselves with the benefits included in each plan letter.

The three most comprehensive and popular TX Medicare Supplement Plans are Medicare Supplement Plan F (I call this “full coverage”), Medicare Supplement Plan G (I call this “greatest value”) and Medicare Supplement Plan N (I call this “not fixed”).

It is important to understand how each TX Medicare Supplement Plan works so that when you are comparing a plan with your individual medical needs, as well as considering family history and likely conditions to occur later, it will likely become clearer which plan will best work for the you. Combining this while keeping your budget in mind is a good way to make an educated choice on TEXAS Medicare Supplemental plans.

Texas Medicare State Facts:
As of January 2018, there are 3,942,886 Medicare beneficiaries living in TEXAS. 2,390,611 have Original Medicare and just over 1,552,275 have Medicare Advantage Plans.
In Texas, you must be at least 65 years old to purchase a Medicare Supplement Plan. If you qualify for Medicare and you are under 65 years old, you are only eligible for a Medicare Advantage Plan.
Medicare secondary insurance can be confusing. However, the more you learn, the easier it will be. Once you have decided that TX Medicare Supplement insurance is the type of coverage you want, the next step is deciding which lettered TX Medicare Supplement you need. As you have seen through MedicareBob’s videos, TEXAS Medicare Supplement Plan G is my, (Robert Bache “MedicareBob’s”), recommendation. You can learn more about all the different plan options on our website through my video blog.

I have been extremely successful assisting TEXAS Medicare beneficiaries using three core principles: Education, Options and Customer Service. My team of senior Medicare agents are happy to help. Call the number above and our agents will find the best plan with the most affordable carrier in your TEXAS.

If you have any questions regarding Medicare, please give our office a call at 1-855-368-4717 or visit one of our pages:

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