MEDICARE SUPPLEMENT INSURANCE
Medicare Supplemental Insurance Coverage is known as “Medigap” for short. The reason for this is that it’s designed to provide insurance coverage for the “gap” between what Medicare pays and what the costs of a recipient’s actual services are. This difference is created by two factors: First, there are some medical services that Medicare doesn’t pay for at all. Second, there are some medical services that Medicare only pays for in part. So, the Medicare beneficiaries that do not carry any type of Medigap coverage are left responsible for the difference between those two amounts themselves.
Some people do not take advantage of Medicare Supplement insurance coverage simply because they aren’t eligible to do so. There are certain requirements which must be met. For example, in order to enroll in Medigap coverage, a person must be enrolled in either part A or part B of Medicare. In addition, there are also some requirements surrounding the timing of one’s enrollment in a Medicare Supplement insurance plan. There are two open enrollment periods: within six months of turning sixty-five and within six months of enrolling in Medicare part B. During those periods, such a person would be able to enroll in a Medigap plan without a medical screening. Any other time, a medical screening would be required.
There are ten different types of Medicare Supplement Insurance, labeled A through N. Each of them has different specific benefits. In general, the higher the premium for any particular plan, the greater the level of benefits it offers; just as with any other type of insurance. Another thing these plans have in common with other types of insurance is the fact that they change slightly from state to state. Since they are offered by private companies instead of the federal government, different states have different laws to regulate these plans, which accounts for the variances.
Since the inception of Medicare part D, no new Medigap policies sold include any type of prescription drug coverage. So, if you are purchasing a new Medigap policy now, you need to be aware of this. If you purchased your Medigap policy prior to January 1 2006, then you could have a plan which still includes prescription drug coverage. People who have switched to a stand-alone Medicare part D plan had the option to switch to a different Medigap plan altogether if they enrolled in that part D plan prior to May 15th of that year. Now, that freedom is left to the discretion of the issuing company, but you should still be able to drop your prescription coverage.
Call us at 561-732-9305 or request Online today to learn more about your options.
Let Us Shop Your Coverage with 30 Highly-Rated Companies
Speak with a licensed agent
- Amy F.
I as well as my family members have been using Oyer Insurance for decades. Everyone in the office is... read moreMurray H.
They always respond to my questions or requests. I haver never made a claim with them but based on my... read moreLinda M.
Highly recommend “Oyer”!!! They are all knowledgeable and efficient. AND there’s a bonus - they answer their phones and... read more
- Tashia G.
Exceptional service from quote to binding. Cheryl Macoviak is a competent professional who went above and beyond to take... read morePenny M.
Rob Macoviak saved me not only money but from another firm that took me for granted and when my condo... read moreLynda O.
Oyer, Macoviak and Associates is a professional insurance firm that I highly recommend. They are knowledgeable, courteous and qualified to... read more
- Nancie G.
Oyer, Macoviak and Associates is a family operated full service insurance company that handles insurance with much expertise and they... read moreFernando R.
Had a great experience working with Cheryl. She was very patient working on multiple homeowners quotes and has been extremely... read more
- Jack F.
Oyer, Macoviak and Associated has been our insurance agent in excess of ten years. They are always helpful in... read moreBeverly K.
I have been a client for many years. The staff is pleasant and efficient. They always find the best companies... read more
- michael m.
We have used the services of Oyer, Macoviak for the past 18 years (through hurricanes and other Florida weather related... read moremichael g.
Started our relationship by a long distance phone call for home owners coverage. always available to answer questions. So impressed... read more
- Annette C.
I love dealing locally and Oyer, Macoviak and Associates make it a pleasure. They are extremely knowledgeable and professional while... read moreHelaine H.
They are always looking for the best rates and they are very helpful in making desisions. Always avaible to speak... read more
- Angela C.
I have had nothing but exceptional service from this company. They are friendly and professional, and extremely efficient. I now... read moreBeverly K.
They find the best companies with the lowest premiums. The staff is very helpful and pleasant. I had a claim... read moreElisa W.
Oyer, Macoviak and Associates have always gone the extra mile to provide me with the right coverage for my needs... read more
- Sharon B.
The personal service is very appreciated. Extremely knowledgeable about the Insurance Business and everyone we have interacted with has been... read more
- Jerry L.
They are always willing to take time with me with whatever question I may have. They will get me... read moreAngeline G.
We have been insured by Oyer, Macoviak, and Associates for many, many years. We have had excellent service, and... read more
READY FOR THE NEXT STEP-HERE'S HOW IT WORKS
Need an insurance quote? Just fill out our quote form and we will handle the rest.
Let us shop multiple companies so you get the best rate with the best coverages.
After we issue the policy we still handle all the work. Policy changes, claims, applications we handle of it for you.