Using our independent brokerage, you can compare 2016 Missouri Medicare supplement insurance quotes direct from several carriers. We can also help you understand the differences between each plan.
We represent many companies including: Anthem Blue Cross and Blue Shield, Aetna, American Continental, Cigna, Combined, Heartland National, Humana, IAC, Manhattan Life, Mutual of Omaha, Oxford Life, Standard Life & Accident, Transamerica, United Healthcare AARP and many others.
If you are near age 65 and in open enrollment, new to Medicare disability or looking to reduce your monthly premiums during your yearly anniversary window – we can help.
Currently, there are ten modernized Medicare supplement insurance plans labeled A through N. Plan A only covers basic benefits while Plan F fills in all gaps of Original Medicare Parts A & B.
The other plans, B through M, offer varying amounts of coverage. Plan premiums increase as you move from Plan A to Plan F. Plan F is the most comprehensive supplement, but Plan G and N can also provide good value.
In Missouri, plans F, G, and N are the most popular (and most often purchased) supplements when coupled with prescription Part D drug coverage.
A few insurance providers offer a High Deductible Plan F. Plan F HD provides coverage once the annual deductible of $2,200 (for 2017) is met. High Deductible Plan F is popular due to its affordable rates – as low as $30 in some cases.
Other carriers offer “Select plans” with a certain network of doctors and hospitals. Assuming the insured stays in network, these plans are also less expensive. Network driven select plans can limit your options when needing care and are therefore not as popular as traditional non-network coverage options.
If you are newly enrolled into Medicare Parts A and B at age 65, you cannot be denied a Medigap policy due to your health history – and all plans are available for purchase. This is known as the open enrollment window and lasts approximately six months. This window includes the three months on either side of your 65th birthday month.
If you are involuntarily losing group health insurance and enrolled in Medicare Part B, then you also are eligible to purchase a supplemental policy without medical underwriting. However, not all plans are issued on a guaranteed basis if your Part B has been in effect for more than 6 months. It is wise to speak with your HR department and/or a knowledgeable agent when you first enroll in Part B.
If you have recently become eligible for Medicare due to disability, you can purchase a Medicare supplement plan in Missouri. You will also have a 6 month open enrollment window when your Part B becomes effective. Insurance companies will charge higher premiums for those under age 65, but reasonable rates can be found with us.
If you miss your 6 month open enrollment window, then medical underwriting will be required and you can be turned down for coverage. If you find that traditional supplements are too expensive, then a Medicare Advantage plan might be a good alternative. We can you compare the benefits and costs with Advantage plans as well.
Missouri is very unique in that it offers a yearly anniversary window where Medicare supplement owners can change plans without medical underwriting. The window begins 30 days before your anniversary date and lasts 30 days after.
During this period of time you can switch to like or lesser coverage no questions asked. For example: If you own a Plan F, then you would be allowed to purchase to a new Plan F (or Plan G or N as they are lesser) with another insurance provider without needing to answer any health questions. You could not move from a Plan G to a Plan F however as F offers more coverage than G.
The new insurance company cannot deny coverage nor impose any waiting periods for preexisting conditions. You will be required to show proof that your existing coverage is in-force and paid-up. Many states have no such anniversary rule; this is a great way to lower your supplemental premiums in Missouri each year.
It’s also important to know that Missouri is an Issue Age state for Medicare supplement insurance. Your rates cannot increase as you get older. They can increase with normal yearly increases passed on (and approved by the MO Dept. of Insurance) each year.
We are an independent agency offering Medicare supplement insurance coverage across the entire state of Missouri, including: St. Louis, Kansas City, Jefferson City, Columbia, Springfield and beyond.
Medigap prices are controlled by law, so you will not find lower rates for the same coverage online, in-person or by calling each insurance company on your own. We are here to help!