If you live in Texas, it is important that you find a Medicare coverage that fits your life and your lifestyle. However, some Texas beneficiaries of the Medicare insurance may find that their out-of-pocket expenses as well as the monthly premiums associated with the original Medicare, Part A, and Part B, tend to high and don’t offer the needed coverage. Medicare supplement plans in Texas help in covering these expenses and make your health-care coverage more affordable. Here are some of the things you should know about Medicare Supplement Plans in Texas:
Initial Enrollment Period
In Texas, the initial enrollment period for Parts A and B Original Medicare holders is seven months during a period surrounding their sixty-fifth birthday. This period starts three months prior to the month of your birthday and ends three months after. In other words, you are advised to enroll in a Medicare supplement plan for three months before and after your birthday. This is your own personal open enrollment plan.
Special Enrollment Period
You can enroll in a Medigap insurance plan without medical underwriting for any of the following reasons:
- Loss of coverage
- If you moved to a new area or state
- If you joined a Medicare Advantage Plan during the right eligibility period (with Medicare Part A and B and at the age of 65), and within the first year of joining the plan, you decide that you want to switch to the Original Medicare Plan.
Renewable At Any Time
Any standardized Medicare Supplement Insurance policy in Texas is renewable at any time whether you have a health condition or not. The plan cannot be canceled as long as you are paying the monthly premium to your insurance service provider.
Prescription Drug Coverage
Medicare Insurance plans sold in Texas after 1st January 2016 are not allowed to include prescription drug coverage. This means that if you want to cover prescription drugs, you will have to join the Medicare prescription plan, Plan D.
Eligibility with Medicare Advantage Plan
If you already have a Medicare Advantage Plan, you are eligible for a Medicare Supplement Insurance plan. However, you should make sure that you leave the Advantage Plan before your Medicare supplemental plan starts. You must also be a holder of the Medicare Part A and Part B coverage.
Insurance firms offering Medicare supplement plans in Texas may offer one or more of the ten different Medigap policies. Make it your responsibility to compare the different Medicare supplement policies available and choose one that meets your financial and health care needs.
Learn more about Texas Medicare Supplemental Insurance plans, rates and more at www.emedicare-supplemental-insurance.com/medicare-supplement-plans-texas. Our Texas Medicare Supplemental Insurance brokers will help you compare Medicare Supplemental Insurance rates and plans in Texas. To talk to an expert in Texas Medicare coverage toll free 888.404.5049 today!