MyAARPMedicare provides its users with several benefits and services. From the portal, you can access several medicare plans. A Medigap plan is one such product offered by the portal. Medigap plan is also known as Medicare Supplement Insurance Plans.
MyAARPMedicare Supplement Insurance Plans
With MyAARPMedicare Supplement Insurance Plans, you can cover some of the out-of-pocket costs that are not covered by Original Medicare (Part A & B). If you apply during the Medicare Supplement Open Enrollment Period, you are guaranteed acceptance into a Medicare Supplement plan. A Medicare Supplement insurance plan starts the day after you turn age 65 AND enroll in Medicare Part B. You can apply anytime during the year, and some states have additional enrollment periods and guaranteed enrollment situations.
The federal government standardizes Medicare Supplement insurance plans and assigns them letters. For example, Medigap Plan G. The plans and coverage are standardized by the federal government.
Features of Medicare Supplement (Medigap) Plans:
- There are a variety of plan options with a low or no copay, coinsurance, or deductible.
- If you travel anywhere in the U.S., you can take your Medicare Supplement plan with you.
- In addition to Medicare Supplement plans, prescription drug plans (Part D) provide you with more comprehensive coverage.
- There are no network restrictions, so you can see any doctor who accepts Medicare.
The best Medicare Supplement plan is one that considers the premiums you’ll be paying, your out-of-pocket medical expenses, and what Original Medicare covers.