Medigap Plan B
How Does Medigap Work?
Once an insurance company has been approved by Medicare, they can sell Medigap plans to Medicare beneficiaries. To purchase a Medigap plan, you may be required to answer some medical underwriting questions. Your answers to these questions can be used to determine the price of coverage.
Though, if you enroll in a Medigap plan during your Medigap Open Enrollment Period, you won’t be subject to underwriting. This period begins as soon as your Part B benefits take effect and it ends after six months. People who purchase Medigap plans during this time are able to get Medigap coverage at the lowest available rates.
Medigap Plan B Coverage
Medigap Plan B is very similar to Plan A. It offers all of the same benefits, with the addition of paying your Part A hospital deductible. Here are all of the costs covered by Medigap Plan B:
- Medicare Part A Coinsurance and Hospital Costs
- Medicare Part B Coinsurance and Copayments
- First 3 Pints of Blood
- Part A Hospice Care Coinsurance and Copayments
- Medicare Part A Deductible
Medigap Plan B Costs
After purchasing a Medigap Plan, you are required to pay monthly premiums to maintain coverage. How much these premiums are will depend on a variety of factors, including location and medical history in some cases. Fortunately, all Medigap plans are standardized, so you can trust that you will receive the same benefits, regardless of where you live.
To learn more about Plan B and to find out how much coverage will cost you, we suggest you give Elite Medicare Advisors a call. We can help you gather quotes on Medigap coverage in your area.
You can reach us at 1-800-327-5579.
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