Best Medicare Supplement Plans in Alabama – F, G & N Benefits
You’re eligible to apply for the best Medicare Supplement insurance plans in Alabama if you’ve reached your 65th birthday month and have enrolled in Medicare Part A and Part B. Original Medicare insurance requires you to pay a variety of charges out of pocket, including coinsurance, copayments, and deductibles. If your doctor charges more than what Original Medicare is willing to pay for a service, you may end up with overage charges as well.
Medicare Supplement plans in Alabama allow you to exchange the complication of those out-of-pocket expenses for one monthly premium. Medicare Supplement insurance plans are known as Medigap policies because they cover the “gaps” that are left after Original Medicare insurance is applied. Before you can select the best Medicare Supplement insurance plan in Alabama, you need to understand how Medigap works in Alabama.
Best Types of Medicare Supplement Plans in Alabama
There are 10 Medicare Supplement insurance plans in Alabama. The plans are standardized by the federal government and are identified by a letter, such as Medigap Plan A or Medigap Plan F. Each plan offers the same benefits, which makes it easier to select the best Medicare Supplement plan in Alabama.
Take the time to compare the benefits offered in each plan, selecting the best plan for your unique medical needs. Each insurance company determines which Alabama Medigap plans they will offer, so you may not have access to all 10 Medicare Supplement insurance plans. Premiums vary between insurance companies, but you can quickly compare rates for the leading insurance companies online.
All Medicare Supplement plans in Alabama are underwritten by select insurance companies authorized to offer Medigap coverage. Make sure that the Medicare Supplement insurance plans you select are offered by a legitimate Medicare insurance company, such as UnitedHealthcare.
Prescription drug coverage is something else you should be looking for when shopping for a Supplement. Some Medicare Part C/Medicare Advantage plans include Medicare Part D prescription drug plans. This is not the case with Supplements, though, so you’ll need to talk to an insurance agent to sign up for coverage.
Benefits of Medicare Supplement Plan F in Alabama:
If you want the Medicare Supplement that is going to offer the most comprehensive coverage to complement your Medicare benefits, then you should look at Medigap Plan F in Alabama.
Of the Supplemental insurance options, this plan usually has the highest monthly premium. However, it also offers the most robust benefits and coverage to supplement your Medicare coverage. Many people choose Medigap Plan F over other plan options because they feel peace of mind from having this additional coverage and because they like keeping their costs predictable.
- Part A hospital coinsurance
- Hospital costs up to 365 days after benefits through Original Medicare are exhausted
- Part A hospice care copays or coinsurance
- Part A deductible
- Part B deductible
- Part B preventive office visit coinsurance
- Part B coinsurance or copays
- Excess charges for Medicare Part B
- First three pints of blood needed for a medical procedure
- Coinsurance for care in a skilled nursing facility
- Limited foreign travel emergency care
The benefits that you see above are the same from any company that sells Plan F. Medicare requires that insurance companies offer the same benefits for each plan. This makes comparing and choosing a plan simple. All you have to worry about comparing is the pricing from one insurance agency to another.
Benefits of Medicare Supplement Plan G in Alabama:
Medigap plan G in Alabama is another very popular plan with great benefits. This is another plan that offers robust healthcare coverage. In fact, it is very similar to Plan F. You can enjoy cheaper monthly premiums with this plan.
- Does NOT cover Medicare Part B deductible
Benefits of Medicare Supplement Plan N in Alabama:
The benefits of Medicare Supplement Plan N in Alabama require more out of pocket costs for healthcare than some of the other health plans, such as Plan G and Plan F. Coverage is not as comprehensive, but monthly premiums are significantly cheaper.
If you’re looking for Alabama Medicare Supplement plans that have lower premiums, if you don’t mind paying for some costs when you go to the hospital or doctor’s office and if you don’t have a lot of healthcare concerns, this is a plan to look into from one of the private insurance companies.
- Does NOT cover Part B Deductible
- Does NOT cover Part B Excess Charges
- Requires $20 copay for office visits
- Requires $50 copay for emergency room visits
Medicare Supplement Plans in Alabama: When Can I Enroll?
You can apply for Medicare Supplement insurance plans in Alabama anytime after you turn 65 and enroll in Original Medicare, Parts A, and B or you are under age 65 and Medicare eligible due to a disability. The catch is that you’re only guaranteed enrollment in the plan of your choice if you apply during your initial enrollment period or qualify for a special enrollment period later.
What is the Medigap open enrollment period? It starts the first day of the month in which you turn 65 years old. It extends for six full months. This is the ideal time to enroll in Medigap plans in Alabama because the insurance company cannot ask questions about your medical history. If you have preexisting conditions that have increased your insurance rates prior to becoming a Medicare beneficiary, the initial enrollment period is your chance to secure lower rates.
If you choose not to enroll in an Alabama Medigap plan during the open enrollment period, you may qualify for special enrollment later. Special enrollment periods allow you to take advantage of guaranteed enrollment. You may also receive lower rates during special enrollment because the insurance company cannot consider your medical history.
Medicare beneficiaries may compare coverage and rates for Alabama Medigap plans before turning 65. Early research and planning give you time to select the best Medicare Supplement plan in Alabama for your medical needs and your budget. When your initial enrollment period opens, you’re ready to sign up for your choice of Medigap plans in Alabama.
Medicare Supplement Plans in Alabama: Enrollment Statistics
- The five largest counties in Alabama are Jefferson County, Mobile County, Madison County, Montgomery County, and Shelby County.
- In 2018, there were more than 600,000 Original Medicare beneficiaries in Alabama.
- More than 60 percent of AlabamaOriginal Medicare beneficiaries were enrolled in Medicare Advantage or Medigap policies in 2018.
- In 2015, approximately 200,000 people were enrolled in Medigap plans in Alabama. About half of those enrollees selected Medigap Plan B.
Alabama Medicare Resources
- Medicare Supplement Insurance Do’s and Don’t – Learn about Medicare Supplement insurance plans in Alabama from the Alabama Department of Insurance.
- Alabama’s State Health Insurance Assistance Program (SHIP) – The best source of free Medicare counseling for all seniors in Alabama.
- CMS: Centers for Medicare and Medicaid Services – An official United States government site with information about Medicare and Medicaid.
- www.medicare.gov – The federal Medicare program’s website.
Related Topics for Comparing Medicare Supplement Companies and Plans in Alabama
My Medigap Plans is a rapidly growing resource for Medicare beneficiaries. We specialize in educating consumers on their options and guiding them through the process of plan selection. We work closely with some of the nations top rated carriers such as Aetna, Cigna and Mutual of Omaha. Compare our list of the 10 Best Medicare Supplement Insurance Companies or take a deeper look at the plans by reviewing our Medicare Supplement Plans Comparison Chart. Learn more or about Medicare Part D Prescription Drug plans, or request a Medicare Supplement Plan Quote.