Medigap Plan B
If you’re enrolled in Medicare Parts A and B but can’t afford the copayments, coinsurance, or deductibles, a Medigap policy can help you get the coverage you need.
Plan A is the most basic, covering coinsurance and hospital costs for Medicare Parts A and B, as well as hospice care, but here’s what you need to know about Medigap Plan B.
What’s Covered In Plan B?
All Medigap policies vary in their coverage. You’ll have to pay higher premiums for policies that provide more coverage, but Plan B is considered to be one of the most basic supplement plans available.
Plan B covers everything that Part A does:
- Part A hospital costs and coinsurance
- Part B coinsurance/copayments
- The first three pints of blood in case a patient needs a transfusion
- Part A hospice care
In addition, Plan B also covers the Part A deductible.
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How You Can Purchase Plan B
Medigap offers ten policies, each with a diverse range of benefits. It’s best to reach out to an expert, like Scott Sims Insurance, before deciding on the policy that’s right for you.
Medicare ensures that the policies are standardized in most states, so often, the only variation will be the prices you have to pay through different private insurance providers.
When you’ve come to the decision that Medigap Plan B is right for you, there is a very specific enrollment period that will allow you to get this plan without being denied coverage or charged more. This is known as the Medicare Supplement Open Enrollment Period and starts as soon as you are 65 and enrolled in Original Medicare. This period will also last for six months.
Confused Between Medigap Policies? We Can Help You Out.
If you’re new to Medicare and Medigap, you may find it tricky to navigate the coverage of each policy. We can help you make the right decision for yourself.
At Scott Sims Insurance, your health comes first. You can reach out to us for a consultation by calling our Oregon office at (541) 915-0939 to learn more about Medicare and Medigap coverage.