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Best Medicare Supplement Plans in Wisconsin – Basic Plan Benefits

You might have heard that some of the best Medicare Supplement plans in Wisconsin are helpful for Medicare recipients like you. If you are a disabled individual or if you are over the age of 65, then you could already be using original Medicare insurance to cover many of your healthcare needs. Many beneficiaries who are enrolled in Medicare Part A and Part B are happy with original Medicare as their coverage, but others are interested in Medicare Supplement insurance plans in Wisconsin. Once you have learned a little more about Medigap policies and what they can do for you, you may want to enroll in one of these plans from a Medicare insurance company that offers Supplements.

Best Types of Medicare Supplement Plans in Wisconsin: Basic Plan Benefits & Coverage

Original Medicare insurance provides many benefits for senior citizens and disabled individuals. You might have already saved a lot of money on your healthcare as a beneficiary of Medicare, or you could be looking forward to having this coverage soon. Medicare helps cover many things, including doctor’s visits, hospital stays and more. However, there are deductibles and copayments that have to be paid, and there are limits to how much original Medicare insurance will pay.

To help with these things, many Medicare beneficiaries choose to buy coinsurance from an insurance company that offers Medigap plans in Wisconsin. There are extra benefits to enjoy if you purchase a plan to use in addition to original Medicare, and rates and premiums are often quite affordable.

These are some of the basic plan benefits that a Medicare Supplement health plan can help with when used in addition to Medicare Parts A and B:

  • Medicare Part A coinsurance and Part B coinsurance
  • Medicare Part A deductible
  • Part B excess charges
  • Part B deductible
  • Mental health care/mental health coverage
  • Care in a skilled nursing facility
  • Outpatient or inpatient hospital care
  • Partial health coverage for foreign travel
  • Temporary home health care
  • Three pints of blood when needed for a medical procedure

Medicare Supplement Plans in Wisconsin: Enrollment Statistics

Medicare Supplement insurance plans in Wisconsin are ideal for almost anyone. Seniors and others in the five largest counties and elsewhere in Wisconsin sign up for Medigap plans in Wisconsin:

  • Milwaukee County
  • Dane County
  • Waukesha County
  • Brown County
  • Racine County

A few interesting stats about Medicare and Medigap plans in Wisconsin:

  • According to the Centers for Medicare and Medicaid Services, more than 660,000 people in Wisconsin were enrolled in Medicare Part A, Medicare Part B or both in 2017.
  • According to America’s Health Insurance Plans, more than 267,000 Medicare recipients in Wisconsin had Medigap coverage in 2015. This is about 40 percent of Medicare recipients in the state.

How Many Medicare Supplement Plans Are Available in Wisconsin?

If you want the best Medicare Supplement plan in Wisconsin, then you should understand that Wisconsin is a little different from other states throughout the United States when it comes to Medigap plans.

Even though Medicare Supplement insurance plans do the same thing for residents of Wisconsin as they do for those who live in other states, buying a plan is a little different. In most states, individuals can choose between 10 different Medicare supplement plans. For example, Medigap Plan F or high-deductible Plan F is one of the most popular Medicare plans that beneficiaries in other states often sign up for.

In Wisconsin, though, there is just one type of plan that you can buy. Then, if you are willing to pay additional rates, you can add separate riders to your plan. This helps even more with cost-sharing so that you don’t have to pay for all of the things that the federal Medicare program does not cover.

Instead of having to choose the best Medicare Supplement plan in Wisconsin, you can simply sign up for The Basic Plan. There are three different ways that basic Medicare Supplement insurance plans in Wisconsin are priced. Most companies come up with their rates based off of the person’s age, and rates increase as the person ages. Some companies set their rates based off of the age of the person when they enroll, and the rates will not go up anymore as the person ages. Finally, some companies do not compare their customers when setting rates; instead, they charge the same rate for everyone who signs up for their Medicare Supplement insurance plans, regardless of their age.

Which plan is going to be the most affordable and best for you is going to depend on your age. Compare a few different providers to see which plan suits you best.

Once you have The Basic Plan, you can then decide if there are extra riders that you would like to add. Even though you don’t need to add these extra riders to take advantage of Medicare Supplement plans in Wisconsin, they can provide you with extra coverage. This will help you reduce your out of pocket costs even more and will help you supplement your Medicare coverage as much as possible.

Medicare Supplement Plans in Wisconsin: When Can I Enroll?

Now that you know a little more about how to buy the best Medicare Supplement plan in Wisconsin, you could be wondering when you can buy your plan and any accompanying riders that you’re interested in.

For most people, it is best to sign up for Medicare Supplement insurance plans in Wisconsin during the Initial Enrollment Period, which is a six-month period of time after you first sign up for Medicare. You can also sign up during the Medigap Open Enrollment Period.

It’s also wise for you to look into prescription drug plans during this time. After all, this is a great way to reduce how much you have to spend on medication as a Medicare beneficiary.

Wisconsin Medicare Resources

If you want to know more about Supplemental plans and how they work in Wisconsin, give us a call so that you can speak to one of our licensed insurance agents. Our insurance agents are also knowledgeable about Medicare Advantage plans, Medicare Part D plans for prescription drug coverage and many other things related to Medicare. Give us a chance to help you navigate the world of Medicare by giving us a call today.

Related Topics for Comparing Medicare Supplement Companies and Plans in WI

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 AetnaCigna 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.

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