Indiana Medicare Supplements
Get a Quote »Our independent agency offers Indiana Medicare supplement quotes direct from several affordable insurance providers. We provide coverage for those age 65 and in open enrollment, individuals losing group coverage, and those shopping online for lower rates.
You offer coverage direct from AARP, Aetna, American Continental, Anthem Blue Cross and Blue Shield, Central States Indemnity, Family Life, Forethought, Gerber Life, Heartland, Mutual of Omaha, Standard Life and Accident, United Of Omaha, United Healthcare and many others.
Medicare Supplement Insurance Quotes In Indiana
There are ten supplemental plans to choose from ranging from Plan A though N. In Indiana, Medicare Supplement Plans C, D, F, G and N are popular as they cover the most common gaps in Medicare.
Plan F offers the most comprehensive coverage when coupled with a prescription Part D drug plan. Plan G is also a good choice as it covers everything except for the small Part B deductible and the premiums can more than make up for the difference in some cases.
New Plans M and N that were recently introduced in June 2010 offer affordable coverage with some cost sharing for the insured.
High Deductible Plan F is yet another choice. For those who desire low monthly premiums and the convenience of a traditional supplement, High Deductible Plan F can be a suitable purchase. The annual deductible is only $2,070 for 2012 which is much lower than the out-of-pocket associated with most Medicare Advantage plans.
IN Medigap Deductibles And Spousal Discounts
The Part A deductible for 2012 has risen to $1,156 and the Part B deductible has gone down to $140. Thus, it is a good idea to purchase a supplement that covers the Part A amount (which most do) as it is the larger of the two. The Part B amount is smaller and more manageable which is why Plan G can be a good choice.
Additionally, some carriers will provide premium discounts if you are in open enrollment or applying with a spouse. United of Omaha and Family Life provide a 7% discount off of monthly premiums for both husband and wife when they are insured together.
Medicare Eligibility, Policy Renewal And Premium Rates
Medicare rules provide for a six month open enrollment window when you turn age 65 – the three months before and after your 65th birthday. During those six months, you are guaranteed eligible and cannot be turned down for a Medicare supplement insurance policy.
There is no waiting period for preexisting conditions during Medicare open enrollment. However, if you do not purchase coverage during this time period, then you may have to go through underwriting and your application can be declined.
In some cases, you can be turned down for an insurance policy if you are in poor health and did not take advantage of your enrollment window. There are some qualifying events that negate this rule and among them are: losing group coverage, moving to a new service area, enrolling in Part B for the first time, involuntary loss of other credible coverage.
When losing group coverage of any kind, you will sometimes need to show proof through a letter from your previous employer. Most group plans will send out a letter detailing loss of coverage for you to give to the supplemental insurance provider.
Compare Supplemental Insurance Quotes Online
All Medicare supplement policies are guaranteed renewable. An insurance provider may not cancel your policy unless you do not pay your premiums on time. Monthly premiums can and will increase year over year. Attained age policies increase with age while issue age increase based on claims. Upon purchase, issue age policies are usually more expensive than attained age plans.
If your Medigap rates have increased on your current policy, it is wise to see if you qualify for a less expensive plan with a competing company. Those who are in reasonably good health can change supplements (Plan G to Plan G for instance) any time during the year subject to medical underwriting.
Request Information, An Outline Of Coverage And Rates
Our independent insurance agency serves all of Indiana including Indianapolis, Bloomington, Richmond, Fort Wayne, Terre Haute and beyond. You can compare the lowest rates from several highly rated companies and enroll direct through us at no additional cost. Contact us today!