Texas Medicare Supplement Insurance or Medigap policy is the health care insurance policy offered by private insurance companies. It covers the services which Original Medicare does not provide.
These gaps in the original Medicare are filled in by Medicare supplement insurance policies.
You have to decide the type of Plan according to your needs and cost of the Plan.
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.
Medicare Supplement insurance plans are changed from June 1, 2010 to compensate the gaps in Original Medicare.
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 in Texas for sale 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 K will cover 50% of the cost and 75% by Plan L.
5) Plans M and N are new plans offered for sale.
6) Plans D and G are different from the previous Plans D and G before June1,2010
7) 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.
8) Medicare supplement insurance companies must offer plan A for sale.
9) Medicare supplement insurance companies offering any other Plan must also give either Plan C or Plan F.
10) Plan F has a distinguishing high deductible Plan F option.
11) All Medigap policies are not available for sale in all states. You will have to find out Medigap policy offered in your state.
A Medicare Supplement insurance policy does not cover long term care in nursing home, hearing aids, spectacles and vision.
You have guaranteed right to buy Medicare Supplement insurance policy though you have health problems