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

Posts Tagged ‘mutual of omaha of texas’

Can I Buy Texas Medigap Insurance at Any Time?

Thursday, May 10th, 2012

Medicare supplement insurance, also called Medigap, fills in the gaps where original Medicare comes up short. In many cases, out-of-pocket expenses, like deductibles, copay and coinsurance add up to thousands of dollars or more. You’re sure you want to buy Medigap insurance, but with special enrollment periods and other specific restrictions, you’re not sure when you can buy Texas Medigap insurance. Take a minute to familiarize yourself with a few details and be more prepared when you’re ready to purchase.

Buying Medigap Insurance

It’s great you’ve decided to buy supplemental insurance, it’s likely to save you a lot of money in the end. Before you buy, take a few minutes to understand a few different strategies that will make your experience easier and more convenient. First, you are required to be enrolled in both Part A and Part B of Medicare to be eligible to buy Medigap insurance.

You can buy a Medigap policy from any private insurance company that has a license in the state of Texas. However, do yourself a favor and stay with household names you know and trust for getting dependable coverage. While they all must sell the same policies they are not all the same when it comes to dependability or reliability.  Mutual of Omaha, Blue Cross Blue Shield of Texas, these are the major carriers and the providers you know will deliver your benefits when you need them most.

The best time to buy Medigap insurance is during your Medicare Open Enrollment period. By law, insurance companies must sell you a policy during this period. And while you can buy at other times, this is the only time you cannot be denied coverage.

Open Enrollment Explained

Open Enrollment is the one time, six month period of time when you can buy a Medigap policy without being denied. It lasts for six months and begins on the first day of the month in which you turn 65 and are enrolled in Part B. Remember, you have to be enrolled in Part B of Medicare to purchase Medigap insurance.

While every insurance provider is required to sell you a Medigap policy during Open Enrollment, if you have a pre-existing condition, there may be a waiting period before coverage begins. You only have one Open Enrollment period, but you can use it as many times as you like during this 6 month period. In other words, if you buy a policy and then wish to cancel, you are entitled to purchase another one. You are also entitled to receive an Open Enrollment period even if you wait several years after turning 65 to enroll in Medicare Part B.

What About the Guaranteed Issue Right?

Another time you can buy Medigap insurance is if you have a “guaranteed issue right”. What does this mean and does it apply to you? Generally, if you lose certain types of health care coverage, you are given 63 days after your coverage ends to purchase Medigap insurance. This is called a guaranteed issue right. However, be prepared to provide proof that shows you lost your health care coverage. And for people over 65, the guaranteed issue right only applies to plans A, B, C, F, K and L, meaning you will only have the right at this time to buy one of these six plans.

You can buy Texas Medigap insurance during your Open Enrollment period or if you lose coverage and have a Guaranteed issue right. If you enroll in Part B and decide not to buy a Medigap policy, you only have a six month period of time where insurance companies must sell you a policy. After that, you can still buy, but you are on your own.

 

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Mutual of Omaha Controls the Wild Kingdom of Texas Medicare Supplement Insurance

Sunday, October 9th, 2011

Mutual of Omaha? Yes, we all remember the Wild Kingdom for bringing us some of the most exotic and beautiful animals on the planet. The trusted source for everything animal. Now the same can be said for Mutual of Omaha Texas Medicare Supplement insurance. In fact, as a trusted source for Health coverage, you can rest assured that the same dependability and reliability that you enjoyed for years on television is now helping you with health care costs.

What is Medicare Supplement Insurance?

If you’re 65, you’re probably already familiar with Medicare and unfortunately, its limitations. While it helps pay for a significant portion of medical, it doesn’t pay for it all, leaving you with quite a few out-of-pocket expenses. That’s why many people in Texas purchase Medicare Supplement insurance to help pay for those expenses not covered by Medicare like deductibles, copayments and even coinsurance. Having Medicare Supplement insurance, or “Medigap” as its sometimes called, helps make dependable health care coverage affordable.

Choosing Texas Medicare Supplement Insurance

In Texas, there are ten Medigap plans to choose from, each identified by a different letter of the alphabet and each with different combinations of benefits. All Medigap plans are standardized, meaning that regardless of who sells it, all plans with the same letter must offer the same benefits. In other words, a Plan F sold through one company must provide the same benefits as a Plan F sold by another company. This is great news for you, making it much easier to compare plans between companies. In fact, in many cases, the only real difference between companies is price, dependability and name recognition.

In Texas, choosing the right Medicare supplement insurance is really about reviewing each plan and deciding which benefits you need and what price you can afford. For most Texans, Plan F is the most popular because it completely eliminates all out-of-pocket expenses, giving you peace of mind in knowing that your health care costs are covered.

The Mutual of Omaha Difference

There are significant differences among private insurance companies, making it even more important that you chose only reliable, dependable providers when purchasing Medicare supplement insurance in Texas. As for how to choose a Medigap provider, some of the lowest in the state are offered through Mutual of Omaha companies. In fact, in addition to having great rates, they offer convenience with electronic claims processing which eliminates the hassle of paperwork and it’s easy to apply with an agent online. In terms of dependability, United of Omaha, the company Mutual uses in Texas, consistently rates in the top tier for financial strength and ability to meet obligations to policyholders as judged by Standard & Poor’s and Moody’s Investors Service. Serving Texans for over 80 years, United of Omaha delivers dependable, reliable Medicare Supplement insurance at a price you can afford.

Whether you live in San Antonio or Houston, choosing Texas Medicare Supplement insurance should be easy as long as you know what you are looking for. Consider Mutual of Omaha for your Medigap insurance as they offer some of the lowest rates in the state and have a proven track record for dependability that Texans trust.

For more information or to obtain a United of Omaha Texas Medicare Supplement quote visit our Texas Medicare Supplement website. 

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