Alabama Medicare Supplement Plans (Medigap)
Alabama Medicare Supplement plans provide Medicare A and B beneficiaries with additional coverage. Medicare Supplement insurance is also referred to as Medicare Plans. When enrolled, you will pay the insurance Carrier an additional monthly premium and in return, that Carrier will pay your Medicare deductible payments, co-payments and coinsurance.
Alabama Medicare Supplement Plans
There are up to ten different Alabama Medicare Supplement plans available to Alabama Medicare Part A and B beneficiaries qualify. With Medicare Supplement Insurance, it is important to understand that the letter of the Plan determines the coverage, not the insurance carrier. For example, a Medicare Supplement Plan G with Blue Cross Blue Shield provides the same exact benefits as a Medicare Supplement Plan G with United Healthcare / AARP. The only difference is what each carrier is charging for the Medicare Supplement Plan. In Alabama, the best time to purchase AL Medicare Supplement insurance plans is the Open Enrollment Period.
This period starts 6 months before the enrollee is 65 & enrolled in Medicare Part B and lasts for 6 months after. You must first make sure you’re enrolled in Medicare, as you don’t qualify for the supplement until you’re enrolled in Original Medicare Parts A and B. The Open Enrollment Period is often referred to as the OEP. During this period, you are automatically approved. This means a carrier can’t deny you coverage due to a current or previous health condition. All your pre-existing health conditions are covered right away.
It is important to understand that you can shop your Alabama Medicare Supplement Plan all year. Medicare’s Annual Election Period that runs from October 15th through December 7th does not apply to AL Medicare Supplement Plans.
Alabama Medicare Supplement Rates
- Each Alabama Medicare Supplement Plan is assigned a letter that determines the benefits. The letters are Medicare Supplement Plan A through Medicare Supplement Plan N and have tight regulations as to what benefits will and won’t be covered in each Plan. These benefits are regulated by the government, so regardless of the carrier you go with the benefits will remain the same.As I mentioned above, the only difference between each carrier is the price each carrier is charging. Therefore, Alabama Medicare Supplement rates will vary from carrier to carrier. When comparing plans, beneficiaries should first take time to familiarize themselves with the benefits included in each plan letter.The three most comprehensive and popular AL Medicare Supplement Plans are Medicare Supplement Plan F (I call this “full coverage”), Medicare Supplement Plan G (I call this “greatest value”) and Medicare Supplement Plan N (I call this “not fixed”).It is important to understand how each AL Medicare Supplement Plan works so that when you are comparing a plan with your individual medical needs, as well as considering family history and likely conditions to occur later, it will likely become clearer which plan will best work for the you. Combining this while keeping your budget in mind is a good way to make an educated choice on Alabama Medicare Supplemental plans.
Alabama Medicare State Facts
- As of January 2018, there are 1,016,543 Medicare beneficiaries living in Alabama. 615,542 have Original Medicare and just over 400,00 have Medicare Advantage Plans
- In Alabama, you must be at least 65 years old to purchase a Medicare Supplement Plan. If you qualify for Medicare and you are under 65 years old, you are only eligible for a Medicare Advantage Plan.
Compare Medicare Supplement Plans in Alabama
Medicare secondary insurance can be confusing. However, the more you learn, the easier it will be. Once you have decided that AL Medicare Supplement insurance is the type of coverage you want, the next step is deciding which lettered AL Medicare Supplement you need. As you have seen through MedicareBob’s videos, Alabama Medicare Supplement Plan G is my, (Robert Bache “MedicareBob’s”), recommendation. You can learn more about all the different plan options on our website through my video blog.
I have been extremely successful assisting Alabama Medicare beneficiaries using three core components: Education, Options and Customer Service. My team of senior Medicare agents are happy to help. Call the number above and our agents will find the best plan with the most affordable carrier in your Alabama.
ALABAMA MEDICARE PART D PLANS
Alabama Medicare Part D Plans are provided through private carriers and are Medicare’s prescription drug plan. Medicare Part D Plans are regulated by Medicare, however each AL Medicare Part D Plan can have different benefits. The monthly premium, the formulary, prior authorizations, all may vary between each Alabama Medicare Part D Plan. There are four levels in Alabama Medicare Part D Plans: The Deductible stage, the Co-pay stage, the Coverage Gap stage and the Catastrophic stage.
Choosing Alabama Medicare Part D Plan
In Alabama, unless you are in your Initial Enrollment Period, or you qualify for a Special Election Period, you can only purchase a Medicare Part D Plan during Medicare’s Annual Election Period. This election period is every year between October 15th and December 7th.
When we assist Medicare Beneficiaries in Alabama with their Medicare Part D Plans we focus on choosing the AL Medicare Part D that has the lowest estimated annual cost. We do this by gathering a list of the clients’ medications and searching through all of the Alabama Medicare Part D Plans to see which Plan will save the client the most amount of money through each Part D stage.
Alabama Medicare Advantage Plans
Medicare Advantage Plans in Alabama are not Standardized. AL Medicare Advantage Plan benefits are based on the county in Alabama that you live in. With an Alabama Medicare Advantage Plan, Medicare Parts A and B will not be your Primary insurance. Therefore, you will have a Provider Network, so you can only go to certain doctors and hospitals. In Alabama, Medicare Advantage Plans have three types of Provider Networks: An HMO, PPO and a PFFS.
Choosing Alabama Medicare Advantage Plan
In Alabama, unless you are in your Initial Enrollment Period, or you qualify for a Special Election Period, you can only purchase a Medicare Advantage Plan during Medicare’s Annual Election Period which is every year between October 15th
and December 7th
Our office is appointed, certified and approved to assist you with choosing an Alabama Medicare Advantage Plan. The first step is deciding if you want a “Network Focused” or a “Benefit Focused” Plan. A “Network Focused” Plan is an option for a Medicare Beneficiary that insists on keeping certain doctors and/or hospitals. A “Benefit Focused” Plan is for a Medicare Beneficiary that is wanting the AL Medicare Advantage Plan that provides the lowest out of pocket costs, has the lowest monthly premium, and may even have some extra benefits such as gym membership, dental coverage and more. Our office can assist you with choosing the right Alabama Medicare Advantage Plan.
It is important to understand that if you choose a Medicare Advantage Plan and later you would like to enroll into a Medicare Supplement Plan (Medigap), you will be required to medically qualify.