If you’re confused by Medicare supplement insurance Florida, you are not alone. Between Medicare Plan A and Medicare Plan B and all ten of the available Medicare Supplements, labeled A through N, of course, it’s hard to keep your letters straight. But getting a general understanding of your options through Medicare isn’t that difficult, and it could be very beneficial to your health and to your wallet. At the very least, understanding the Medicare supplement will help you to make an informed decision about your healthcare options under Medicare. And this will ensure that you are taking advantage of all the medical insurance resources available to you.
Medicare is a federally administered social insurance program that provides medical coverage to people who are ages sixty-five and over. Since this is a government administered plan, it’s the same everywhere in the United States. The Medicare supplement, however, is different. While the ten supplemental insurance plans it offers are standardized through the Centers for Medicare and Medicaid Services (CMS), these plans are actually sold through private medical insurance carriers, so their specifics are actually legislated by state law. This means that Florida Medicare supplemental insurance will differ from Medicare supplemental insurance in Michigan.
But what is Florida Medicare supplemental insurance? Basically, it’s an insurance program that’s available to senior citizens aged 65 or more or for people under 65 who meet certain criteria to help cover gaps left by Medicare. Medicare might be adequate for someone who is in good health and has no major medical issues. But if you have pre-existing medical conditions such as heart disease or diabetes, then you might need additional coverage. That’s where the Medicare supplement comes into play. It can offer you better coverage for your medical needs, at an affordable price. Some employers may even offer the Medicare supplement as a benefit to its retirees.
In order to qualify for Medicare supplement insurance Florida, you must already be enrolled in Medicare Parts A & B and be sixty-five years of age or older or under 65 but meet certain criteria. If you enroll within six months of your sixty-fifth birthday, then you will not be required to undergo a pre-screening for approval by the private insurance carrier. If you enroll after this six-month period, then the insurance company may require a pre-screening before they approve you for the supplement. There are many carriers who offer the Medicare supplement, so you are sure to find supplemental insurance that fits your needs at a price that you can afford.
Provided by: Robert Colucci
Medicare Supplement Independent Agent