Understanding The Florida Medicare Supplement

There are few things more confusing to the lay person than Medicare. Most retirees know that it’s a social medical insurance program run by the United States government, but that’s where common knowledge about it usually ends. And even more confusing is the optional Medicare supplement. Instead of leaving you to wonder what it is, who needs it, and how you qualify for it, we’re taking the time to summarize the essentials about the Florida Medicare supplement for your convenience. Since Florida is home to so many retirees, this is a topic that is worthy of our time and attention.

The Florida Medicare supplement is an optional insurance program designed to supplement the coverage provided under Medicare. A person is not eligible for the Medicare supplement unless he or she is already enrolled in Medicare Parts A and B. The Medicare supplement offers coverage, at an additional cost, that are only partially covered or perhaps not covered at all by Medicare. Many companies offer the Medicare supplement as a benefit to its retirees. But anyone already enrolled in Medicare Parts A and B can add the supplemental coverage to their existing Medicare at an additional cost.

What the Medicare supplemental offers has been standardized by the Centers for Medicare and Medicaid Services (CMS). There are twelve plans which are each different, labeled A through N. These plans are actually offered through private insurance companies and, since they are private, they are governed by state laws. Therefore, the Medicare supplement can vary from state to state. This is why it’s a wise choice to discuss your Florida Medicare supplement options with a company or broker that is familiar with the State of Florida’s insurance laws. You don’t want to choose a Medicare supplement only to discover that the coverage you were looking at is only available in Massachusetts.

The federal government and state governments are committed to providing affordable health insurance to retirees. This is why Medicare was signed into law in the first place. If you are a retiree, it’s up to you to ascertain your own individual insurance needs and to decide which, if any Florida Medicare supplement is right for you. And you can never start thinking too early. If you register for the Medicare supplement within six months of turning 65, there is no physical pre-screening required. So be sure to take advantage of this option to find full coverage at an affordable price.

RTC Insurance Advisors offers the most competitively priced carriers to choose from. Call us at 352-200-2066 or contact us today for a free quote and to get assistance in selecting the most appropriate Florida Medigap insurance policy for your needs.