Prior to retirement, chances are that you received health insurance through your employer. However, now that you’re 65, you’re eligible for Medicare. Do you need Medigap insurance in Texas? What is it and where do you get it? Understanding Medicare is confusing enough without having to figure out Medigap insurance as well. Nevertheless, you know that taking the time to learn about Medigap insurance will help you make an informed decision if and when you decide to purchase Medigap insurance in Texas.
What is Medigap Insurance?
Medigap insurance, also referred to as Medicare Supplement Insurance, is insurance sold through private insurance companies to help you pay for some of the gaps in Original Medicare coverage. These gaps may include deductibles, copayments, even coinsurance. If you have Original Medicare and you add Medigap insurance, Medicare pays its share and then your Medigap insurance pays its share.
If you have Original Medicare Part A and Part B, you may benefit from Medigap insurance. In fact, some Medigap insurance covers benefits that Original Medicare doesn’t. Plus, all Medigap policies are guaranteed renewable even if you have health problems. Plus, as long as you stay current with your premium, your policy cannot be canceled.
In Texas, there are quite a few Medigap policies available, each offering different coverage and out-of-pocket expenses. However, most Texans choose Plan F as it completely eliminates all deductibles, copayments and coinsurance. This plan also does something extra, pays any excess charges that your doctor may charge over the Medicare approved amount. Plan F gives you the peace of mind in knowing that no matter what, you’re covered and you won’t owe anything extra.
Take Advantage of Your Medigap Open Enrollment Period
Now that you’re 65, the best time to buy a Medigap policy is during your open enrollment period. In Texas, you have a 6 month period which begins on the first day of the month in which you turn 65 and are enrolled in Medicare Part B. For this period of time only, insurance companies must sell you a Medigap policy for the same price as someone who is healthy even if you have health issues. In most cases, they cannot refuse to sell you a Medigap policy or make you wait for coverage to begin. After your open enrollment period ends, an insurance company can use medical underwriting to decide your case and there is no guarantee that they will even sell you a Medigap policy.
Choosing a Quality Medigap Insurance Provider
There are many choices when it comes to purchasing Medigap Insurance in Texas. Luckily, because of the standardized nature of Medigap policies, it’s easy to compare insurance companies. However, cost is only one variable to consider. Choose only reputable providers like Blue Cross Blue Shield of Texas for your Medigap insurance. You do not want to find yourself out of luck when it comes time to deliver because your provider isn’t credible. Blue Cross Blue Shield of Texas has been providing reliable Medigap insurance to Texans for over 80 years. They are dependable and will be there for you when you need them.
Turning 65 is an exciting time for many Texans- a time to reflect on family and friends and relax after a long lifetime of hard work. Securing health care should not be stressful or confusing. Take the time to learn about Medigap Insurance, take advantage of your open enrollment period and choose a dependable insurance provider like Blue Cross Blue Shield of Texas.
For additional information or to obtain a free Medigap insurance in Texas quote visit our Texas Medicare supplement website. It’s quick and easy and you can see quotes right from the comfort of your kitchen table.
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