Texas Medicare insurance should be easy. Get the help and benefits you deserve today.

Texas Medicare Benefits

Texas Medicare insurance should be easy. Get the help and benefits you deserve today.

Am I required to Purchase Texas Medigap Insurance?

As a Texan, securing dependable health coverage is important to you. You know that at age 65 you’re eligible for Medicare or you may already be enrolled. Either way, Medicare pays for a significant portion of your medical expenses, but it does not pay for it all.

While you’re not required by law to purchase Texas Medigap insurance, without additional coverage, you may end up paying a lot in out-of-pocket expenses like deductibles, copayments, even coinsurance. Take some time to learn about Texas Medigap Insurance and make informed decisions about your health care coverage.

What Exactly is Medigap Insurance?

Medigap Insurance, also called Medicare Supplement insurance, is insurance that you purchase from private insurance companies to help supplement your Texas Medicare. In other words, Medicare pays for a lot of your health care costs, but is doesn’t pay for everything. The “gaps” in coverage are still your responsibility and deductibles, coinsurance and even copayments can be costly.  A Texas Medigap policy can help you pay for these out -of-pocket expenses and give you peace of mind in knowing that whenever you need medical attention, you can get it easily.

Why Would I Need Medigap Insurance?

As a Texan 65 or older, you are automatically enrolled in Medicare Part A (hospital coverage) and most are auto enrolled in Part B (medical coverage). In most cases, Medicare pays 80% of the approved cost of covered medical expenses. However, there are monthly premiums that you are responsible for, along with deductibles, copayments and coinsurance. Plus, you are responsible for paying the full cost of services that are not covered by Medicare. In addition, even if Medicare pays for a particular service, certain doctors are allowed to charge more than Medicare will pay. In other words, you are left paying an excess charge.

Choosing a Medigap Plan

You do have the option to purchase a Texas Medigap policy, although you are not required. However, because there are significant gaps in coverage that Medicare doesn’t pay for, many Texans find it helpful. In Texas, there are ten Medigap plans to choose from, each offering different combinations of benefits.  Plans are designated by letters of the alphabet (A through N) and are standardized by the federal government. Basically, that means that a Plan F offered by one insurance company must provide the same coverage as a Plan F offered by another company. Be careful when selecting your Medigap policy. Remember, while insurance companies must offer the same coverage, they vary considerably in terms of cost, reputation and dependability. Make sure to stay with credible, reliable providers like Blue Cross Blue Shield of Texas and United of Omaha- reputable companies that Texans just like you have come to trust.

You Do Not Need Medigap Insurance if…

Medigap insurance is the right choice for many Texans. Nevertheless, there are some situations where you may not need to purchase additional insurance because you are already covered through another policy. You do not need Texas Medigap insurance if you currently have group insurance through an employer or former employer- this includes government and military retiree plans; if you have a Medicare Advantage plan; if you have Medicaid or the Qualified Medicare Beneficiary Program (QMB) pays your Medicare premiums and out-of-pocket expenses. In all of these cases, the gaps in Medicare are covered by insurance and a Medigap policy is not necessary.

You are not required by Texas law to purchase Medigap Insurance. However, considering that Original Medicare only covers a portion of your health care needs, it may be wise to consider a Medigap plan. There are several providers to choose from when selecting your Medigap policy. Look for reliable, dependable providers you can trust like Blue Cross Blue Shield of Texas or United of Omaha.

To find out if Texas Medigap Insurance is the right fit for you and your budget you can visit out Texas Medicare Supplement website and run instant quotes from several companies.

Share this:
Share this page via Email Share this page via Stumble Upon Share this page via Digg this Share this page via Facebook Share this page via Twitter

Tags: ,

Comments Closed

Recent Posts
  • AEP May be Over But Some Can Still Get Medicare Advantage Plans Year Around
  • Disabled on Medicare Have Fewer Options
  • 2013 Medicare Changes Come as a Shock to Many Seniors
  • Medicare Advantage PPO Plans in Texas
  • Medicare Advantage HMO Plans in Texas
  • Categories
  • Medicare Supplement Articles (104)
  • Archives
  • December 2012
  • November 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • Meta
  • Log in
  • Valid XHTML
  • XFN
  • WordPress