Health insurance policies can be equally complicated and frustrating. For many people,
even the most reasonably priced policies made available by insurance companies have
merely become too expensive-for others, though, these policies stay unused not because
they are unavailable, but because they are misunderstood.
Insurance Medicare Supplemental policies cover expenses that are partially covered
by Medicare. It is one of the least utilized sets of insurance plans in the U.S.
Insurance Medicare Supplemental plans were founded to cover gaps between the costs
covered by Medicare and the total amount charged for healthcare expenses. Since the
introduction of the Medicare program, an estimated 27% of recipients have made Insurance
Medicare Supplemental coverage available. Regardless of the availability of these
supplemental plans, on the other hand, fewer than 5 million people currently make
use of Insurance Medicare Supplemental policies.
In order to be eligible for an Insurance Medicare Supplemental plan, an individual
must meet several essential criteria. Part A and B of Medicare is required in order
to enroll in an Insurance Medicare Supplemental plan. An open enrollment period exists
in which an individual may enroll in an Insurance Medicare Supplemental plan on a
guaranteed issue basis-this period begins when a person is within 6 months of reaching
the age of 65 or enrolling in a Medicare Part B plan at 65 or older. People who receive
Medicare prior to the age of 65 are also eligible to participate in an open enrollment
period of six months; for these individuals, this period begins on the day after
enrollment in a Medicare Part B plan.
Guaranteed issue of Insurance Medicare Supplemental insurance may also be available
to people who do not qualify to participate in an open enrollment period when they
lose certain types of coverage. For people over the age of 65, the guaranteed issue
right is applicable to Insurance Medicare Supplemental plans A, B, C, F, K and L.
Individuals under the age of 65, however, are only guaranteed access to Insurance
Medicare Supplemental Plan A. Companies may not place restrictions on a person's
right to access Insurance Medicare Supplemental plans when guaranteed issue rights