Learn These Steps to Buying Medicare Supplement Insurance Plans

  • Coinsurance for skilled nursing facility care
  • Deductible for Part A
  • Part B excess charges* Part B deductible
  • Medical emergencies during international travel account for 80% of all cases (up to plan limits)

Keep in mind that prices for more comprehensive plans may be more.

 

*Medicare Supplement Plans C and F will not be sold to anyone eligible for Medicare on or after January 1, 2020. These plans may include coverage for the Medicare Part B deductible.

If you become Medicare eligible before that date, you may still be able to purchase one of these plans. You are not required to abandon your current Plan C or Plan F.

Step 3: Determine the cost of Medicare Supplement insurance plans.

In most jurisdictions, Medicare Supplement insurance plans are standardized, which means that programs with the same letter provided by different businesses must cover the same essential benefits. However, pricing for the same package may vary from provider to company.

Insurance firms price Medicare Supplement insurance plans in three ways:

 
  • Issue-age-rated or “entry-age-rated“: The premium is based on the age that you buy the policy and is lower for younger people.
  • Attained-age-rated: The premium is based on your current age and goes up as you get older.

Compare pricing for your plan from various carriers because premiums might vary substantially.