Medicare Supplement Plans
Our experts at Meadows Insurance Agency can help you with your Medigap policies and Medicare plans in Texas. We provide these supplements thanks to the different insurance companies in San Marcos, TX, like Foremost Signature and Germania Insurance.
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What are Medicare Supplement Plans?
Medicare Supplement Insurance, also known as Medigap, is a form of health insurance sold by private insurance providers as add-ons to Medicare policies you have. You can choose from one of many insurance companies in San Marcos, TX, like our Meadows Insurance Agency.
These supplemental San Marcos, TX insurance plans are essential for two reasons. First, it can help cover gaps in your standard Medicare plans. And second, a Medicare supplement can help with any out-of-pocket costs, like copays and deductibles, you have to pay.
How Do Medical Supplement Plans Work?
Medicare supplement insurance can help cover certain costs that aren’t part of Medicare's standard coverage. But before applying for this add-on you must be enrolled in parts A and B of Medicare. It must be made clear that these supplement plans DO NOT replace your primary coverage.
When it comes to payment, Medicare supplement policyholders will pay their monthly premiums to their supplement provider. This payment will not cover or replace premiums paid to the primary Medicare coverage. This means you, the policyholder, will pay two separate premiums.
There are 10 Medigap supplement plans, from Plan A to Plan N. These have been standardized as required by the federal government. As a result, it is easy to go to any Medigap provider to compare policy options and costs, and they cover preexisting conditions after a six-month wait period.
