Florida Medicare Supplements

Florida Medicare Supplements

When it comes to Medicare supplements every states has different rules. Florida Medicare Supplements. Today I’m going to talk about Floridas Medicare supplements.

 

By the numbers

Florida is a popular place for many seniors to retire, which also makes it a popular place to receive Medicare benefits. In 2012, there were more than four million Medicare beneficiaries in Florida. Following is some additional information on Medicare enrollment in Florida:

  • Residents enrolled in both Medicare Part A and Part B in Florida: 4,126,813
  • Residents enrolled in Medicare Part A only in Florida: 298,263
  • Residents enrolled in Medicare Part B only in Florida: 13,298

Medicare Advantage Organizations and prescription drug plan sponsors must have a contract with Medicare in order to sell Medicare insurance plans (such as a Medicare HMO or a Medicare Part D prescription drug plan). Depending on the terms of the contract between the plan and Medicare, not every plan is available statewide or in all service areas. Each year, the plan must renew their contract with Medicare, so the availability of a plan in a specific service area is subject to change as a result of the annual contract renewal.

Free Medicare Supplement Quote

 

Florida Medicare Supplements

Looking for a Medicare Supplement plan in Florida? Also known as Medigap insurance, these plans help pay the difference between what Original Medicare covers and your out-of-pocket expenses. Medicare Supplement insurance may cover costs like deductibles, copayments, and coinsurance.

Quick Tips On Florida Medicare Supplement Insurance

Florida Medicare Supplement plans are offered by private insurance companies. They are designed to cover some of the out-of-pocket expenses that Original Medicare (Medicare Parts A and B) does not.

Benefits offered by Medigap policies in Florida are the same across insurance companies. However, prices vary from carrier to carrier. As such, it’s quite important to compare prices when purchasing a Medicare Supplemental plan in FL.

It’s all about the Open Enrollment Period for Medigap. After you turn 65 and are enrolled in Medicare Part B, you have six months to enroll in a Medicare Supplemental insurance plan. If you enroll during this six month window, the insurance company cannot refuse to cover you. However, if you have a pre-existing condition, the insurance company may make you wait up to six months for coverage for your pre-existing condition to begin (although your coverage through Original Medicare will be in effect).

Have more questions? Call me at (475) 88CARLY / (475) 882-2759

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By MEDIGAP on Incline