Medicare is a federal health insurance program that provides coverage for individuals who are 65 years old or older, as well as certain younger individuals with disabilities. While Medicare covers many medical expenses, there are still gaps in Original Medicare coverage that can leave beneficiaries with high out-of-pocket costs. That’s where Medicare Supplement Plans, also known as Medigap plans, come in.
What Are Medicare Supplement Plans?
Medicare Supplement Plans are private insurance policies that work alongside Original Medicare to help cover the costs that Medicare doesn’t pay for. These plans are sold by insurance companies and can provide additional benefits to Medicare beneficiaries, such as coverage for deductibles, copayments, and coinsurance.
Medicare Supplement Plans in Idaho and Washington
Idaho and Washington residents have access to a range of Medicare Supplement Plans to choose from. These plans are standardized by the federal government, meaning that the benefits offered by each plan are the same regardless of the insurance company selling the plan. The only difference is the cost of the plan and the customer service provided by the insurance company.
Best Medicare Supplement Plans in Idaho and Washington
When it comes to choosing the best Idaho Medicare Supplement Plan, there are a few options that are considered to be the best. Plan F, Plan G, and Plan N are popular choices among Medicare beneficiaries due to their comprehensive coverage and affordability.
Medicare Supplement Plan F in Idaho and Washington
Medicare Supplement Plan F is one of the most comprehensive plans available in Idaho. It covers all of the gaps in Original Medicare, including deductibles, copayments, and coinsurance. However, Plan F will no longer be available for new enrollees starting who become Medicare Eligible after January 1, 2020.
Medicare Supplement Plan G in Idaho and Washington
Medicare Supplement Plan G is another popular choice in Idaho. It offers similar coverage to Plan F, but with the exception of the Part B deductible, which beneficiaries must pay out of pocket. However, the premiums for Plan G are often lower than those of Plan F, making it a more cost-effective option for many individuals.
Medicare Supplement Plan N in Idaho and Washington
Medicare Supplement Plan N is a cost-sharing plan that requires beneficiaries to pay certain out-of-pocket expenses, such as copayments and coinsurance. However, the premiums for Plan N are typically lower than those of Plan F and Plan G. This plan can be a good option for individuals who are willing to share in some of the costs in exchange for a lower monthly premium.
Who is Eligible for Medicare Supplement Plans in Idaho and Washington?
In order to be eligible for a Medicare Supplement Plan, you must be enrolled in Original Medicare (Part A and Part B). It’s important to note that you cannot have a Medicare Advantage plan and a Medicare Supplement plan at the same time.
How Much Do Medicare Supplement Plans Cost?
The cost of Medicare Supplement Plans in Idaho can vary depending on several factors, including your age, gender, and health status. Insurance companies also take into account the type of plan you choose and the area where you live. It’s important to compare plans and shop around to find the best coverage at the most affordable price.
Companies Offering Medigap Plans
There are several insurance companies in Idaho that offer Medicare Supplement Plans. Some of the most well-known companies include Aetna, Blue Cross of Idaho, and UnitedHealthcare. It’s a good idea to research these companies and compare their plans to find the one that best fits your needs and budget.
Medigap for the Disabled Under 65
While Medicare Supplement Plans are typically available only to individuals who are 65 years old or older, there are some exceptions for disabled individuals under the age of 65 in Idaho. These individuals may be eligible for Medigap plans depending on their circumstances.
Medigap Rating Method in Idaho
In Idaho, insurance companies are required to use community rating for any Medigap policy sold after February 28, 2022. For policies sold prior to that, companies may use the attained-age rating method to determine the cost of Medicare Supplement Plans. This means that the premiums for the plans are based on your age at the time of enrollment and will increase as you get older.
Medicare Supplement Guaranteed Issue Protections in Idaho
There are certain situations in which you have guaranteed issue rights for Medicare Supplement Plans in Idaho. For example, if you are losing your current coverage, you have the right to purchase a Medigap plan without being subject to medical underwriting.
When to Enroll in Medicare Supplement Plans
The best time to enroll in a Medicare Supplement Plan in Idaho is during your six-month Medigap Open Enrollment Period. This period begins on the first day of the month in which you are both 65 years old or older and enrolled in Medicare Part B. During this time, you have the right to purchase any Medigap plan offered in your area without being subject to medical underwriting.
What is the Idaho Birthday Rule?
The Idaho Birthday Rule is a unique rule that allows Medicare beneficiaries to switch Medicare Supplement Plans on their birthday or within 63 days after their birthday. This rule allows individuals to change to a plan with equal or lesser coverage without being subject to medical underwriting.
Additional Medicare Coverage for Beneficiaries
In addition to Original Medicare and Medicare Supplement Plans, Medicare beneficiaries in Idaho and Washington also have the option to enroll in Medicare Advantage plans. These plans, also known as Medicare Part C, are offered by private insurance companies and provide all of the benefits of Original Medicare, along with additional benefits such as prescription drug coverage and dental and vision services.
How to Apply for a Medicare Supplement Plan in Idaho
As Local Licensed Medicare Insurance Agents, we can help you Compare Medicare Supplement Plans and find the best coverage at the most affordable price in your area. Applying for a Medicare Supplement Plan in Idaho is a relatively simple process, when you know where to begin. Call the Glidden Group at (208) 962-0077 or fill out the contact below request a call from us.
We’re Here to Help
You do not have to spend hours reading articles on the internet to get answers to your Medicare questions. Give the licensed insurance agents at Glidden Group a Call at (208) 962-0077. You will get the answers you seek in a matter of minutes, with no pressure and no sales pitch. We are truly here to help.