Georgia Medicare supplement insurance is also called as Medisup or Medigap. Original Medicare plan and Medigap policies can together compensate in shares the total health care coverage. Medigap policies are urged to follow Federal and state laws.
Enrollment in Medicare A and B is mandatory to join any Medicare Supplement insurance policy.
You need to pay a monthly premium for Medigap policy along with the monthly premium for Medicare.
Medigap policy is standardized and identified by letters from A to N.
Medigap policies have changed the plans and benefits with effective on or after June 2010.These benefits are useful and offer options to cover the health care cost which original Medicare does not bear.
Medigap policy provided by health insurance companies have to offer Plan A along with any other Medigap policy.
Medicare Supplement insurance policy does not cover Prescription Drugs. You need to buy Medicare Part D for prescription drug coverage.
Medicare supplement insurance is different from Medicare Advantage plans.
Before joining a Medigap policy it is essential to know your requirements which need to be covered.
The following points must be checked before you join the right Medigap policy -
4. Benefits and changes in Georgia Medicare supplement insurances from June 1, 2010
1) Medigap policies purchased before June 1, 2010 remain unchanged. You can keep those policies active by paying regular premiums, no need to quit the Plans.
2) Medigap policies for sale in Georgia are ten standardized policies identified by letters A, B, C, D, F, G, K, L, M and N.
3) Medigap Policy plans taken on or after June 1, 2010 will benefit the coverage of Plan A coinsurance.
4) Plan A bought from one insurance company offers same coverage as Plan A of another.
5) All the plans vary in the prices of premiums.
6) Plan K will cover 50% of the cost and 75% by Plan L.
7) Plans M and N are new plans offered for sale. Both the plans have low premiums. Plan M and Plan N have 15-30% low premiums than the Georgia Supplement Plan F.
8) Plans D and G are different from the previous Plans D and G before June1, 2010.
9) For those who already bought Plans E, H, I and J can still carry on with these, but from June 1, 2010 these plans are not available with insurance companies.
10) Medicare supplement insurance companies must offer plan A for sale.
11) Medicare supplement insurance companies offering any other Plan must also give either Plan C or Plan F.
12) Plan F has a distinguishing high deductible Plan F option.
13) All Medigap policies are not available for sale in all states. You will have to find out Medigap policy offered in your state.
14) Preventive care and home recovery benefits are removed from all the plans in the standard Georgia supplement insurance plans.