If you already have Original Medicare health insurance, you may be tempted to purchase additional coverage from professional Medicare Supplement Insurance companies in Peoria, AZ. While this is almost always a great idea, here are some facts you should know before doing so.
No More Plan F
This specific plan was easily the most popular that Medicare offered. However, it ended at the beginning of 2021 and is no longer being offered to seniors. However, if you already were covered by this optional plan, you will be covered for life as long as you pay your premiums.
When buying Medicare, you will have to pay the premium for your Part B plan as well as the Medigap option that you choose for supplementation. The Medigap premium will vary from person to person and is based on a variety of factors including age, location, insurance provider as well as the type of insurance plan that you choose.
If you have a pre-existing condition, you may have a waiting period of six months before coverage for that condition kicks in. However, after this waiting period, all of your out-of-pocket costs should be covered by the insurance plan that you have chosen. Make sure to inquire with all of the Medicare Supplement Insurance companies in Peoria, AZ, before signing yourself up for anything.
If you are looking for Medicare supplemental policies, contact an experienced insurance agent. They can answer any questions that you may have.