Our independent agency offers Medicare supplement insurance in Mississippi from several different carriers direct to you. We’ll help you compare the lowest rates available with the leading carriers in your area.
Whether you are new to Medicare and need help understanding your options or if you’re simply shopping for the best rates, we can help. We are your one-stop brokerage for comparing insurance benefits, premiums, and policies.
There are ten Medicare supplements to choose from. Each plan offers a varying amount of coverage filling in some or all of the gaps in Original Medicare A & B.
Plan F is the most comprehensive policy and fills in all of the gaps in Medicare. In other words, if you encounter a Medicare-approved expense, Plan F pays for the rest. However, if you are new to Medicare in the year 2020 and beyond, Plans F and C will no longer be available for purchase. The next best supplements are Plans G & N.
Plans G and N are popular as they cover the most common gaps and have little out-of-pocket exposure. Most of our clients compare the premiums and the benefits of each plan in order to find the one that best suits their needs. With Plan G you have a very small deductible and with Plan N you have the same deductible and small office copays.
Other popular low-cost supplement plans are High Deductible Plan G and F. These policies do not pay toward your medical expenses until the annual deductible has been met. This amount is $3,470 for 2023. Monthly premiums with HD Plans G & F are some of the lowest of any policies available.
You have a six-month open enrollment window to purchase Medicare supplement insurance when you turn age 65 and are new to Medicare Part B. Some people defer this window by keeping their group coverage and then later enrolling in Medicare Part B. Others enroll in Part B before age 65 and qualify for Medicare due to a disability.
You need to use this six-month window no matter when it occurs for you – before, during, or after age 65. There are no waiting periods for preexisting conditions and insurance companies cannot charge you higher rates due to your health history during this time. There is no medical underwriting during your personal Open Enrollment window.
If you have previously enrolled in Medicare Part B and are losing group health insurance, then you are in a period of “guarantee issue.” During this window of time, you can purchase most supplements without underwriting, but not all. In most cases, your employer will provide a letter of “guaranteed Medicare rights” that you can provide to the chosen insurance company to guarantee acceptance.
If you are under age 65 and new to Medicare Part B due to disability (or involuntarily losing group coverage) then you can also purchase a Medicare supplement plan in MS. Insurance companies are allowed to charge you higher rates until you reach age 65, however. You can also purchase a Part D prescription drug plan no questions asked. It’s important to explore all of your options right away when Medicare becomes your primary coverage.
If a traditional supplement is too expensive, then you might also consider Medicare Advantage plans. These policies usually cost less and most include Part D Rx coverage. Some will also include dental, vision, hearing, and other ancillary benefits.
These are network-driven plans offered by insurance companies like Aetna, Humana, and United Healthcare and they work best when you stay in-network for medical care. There’s a lot to know about Advantage plans and we can help you understand how they are different from supplements. They offer an affordable alternative to Original Medicare only.
There are no Medicare supplement plans sold today that offer prescription drug insurance. If you wish to purchase Part D Rx Coverage (and avoid the late enrollment penalty) we can help you compare all available plans in your area to see which ones provide the most value.
It is not a one size fits all proposition with Part D policies. Your best options will depend on the prescriptions you take and your preferred pharmacy or mail-order provider. If you take no prescriptions or only a few generics, then we can help you find the least expensive plan to fit your needs.
Every year, you can switch Part D plans with no questions asked. This window is called the Annual Election Period (AEP) and runs from October 15th to December 7th each year. If your prescription needs have changed during the year, you can enroll in a more suitable policy during this time. Changes will be effective the following year.
We are a full-service Medicare supplement brokerage serving all of Mississippi. We will help you compare the direct rates with several insurance companies side by side. Additionally, we help our clients with Part D drug plans and Medicare Advantage policies as well. Contact us today to get started.