Get An Instant Quote Now

3 Tips To Finding Medicare Supplement Insurance In Fort Myers, Florida


Are you at least sixty-five years old and looking for supplemental insurance in the state of Florida?  Finding the right Medicare supplement plan could go a long way to providing you with the stability you need in your retirement.
Knowing this, let's go over the basics of Medicare supplement coverage as well as 3 important tips to acquiring a good Medicare supplement or Advantage plan in Fort Myers, Florida.

Before we leap to acquiring your Medicare supplement plan, or Medicare advantage plan, Let's quickly touch upon what Medicare Supplement and Medicare Advantage coverage is.  Simply put, these coverages are additional insurance to cover costs for portions of services that are not covered by Medicare.  In other words, these supplement plans help pay medical costs that are not included in your base Medicare plan.
What does this mean for you?  Basically, it means that Medigap coverage could help bear costs in the following areas: insurance deductibles, copayments, coinsurance, and more.
It's important to know that Medigap plans are offered through private companies.  Keep in mind that Medicare Supplement plans are not the same as Medicare Advantage Plans. (For the pros and cons of Medicare Advantage plans, click here.)

Good to know:  Each insurance provider has a formulary or list of medicines covered by the plan.  If a medicine is not on the formulary it may not be covered and you may have to endure a potential nightmare attempting to find an alternative medication.  The list of covered medicines is also often divided into tiers, which determines how much of a copay or coinsurance you may have to pay.  Make a list of your current medicines and compare it to the plan's formulary to make sure your medicines are covered and you understand the out-of-pocket costs that may be associated with them.

Who is eligible.
To be eligible for a Medigap plan in Fort Myers, you must meet certain requirements.  For starters, you must be enrolled in Part A and Part B of Medicare.  If you are not enrolled, you will not be able to buy a supplement or advantage plan.

Tip #1. Start your search now.
When it comes to Medicare supplement, or Medicare Advantage coverage, (sometimes referred to as Medigap Plans), the sooner you can begin researching your options, the better.  The first thing you will want to do is to make certain that you are eligible to purchase a Medicare Supplement, or Medicare Advantage Plan.  To be eligible, you will need to be enrolled in both Part A, and Part B of Medicare.  If you are eligible, there is an initial enrollment period of seven months.  This enrollment period begins three months before your 65th birthday.  This is the time to get your Medicare Supplement or Advantage plan policy in place.

Tip #2. Thoroughly research options.
In Fort Myers, there are 10 general Medicare Supplement plan types to choose from.  These plans are designated by letters of the alphabet (A-N).  Each option provides coverage for a distinct level of medical fees that are not covered by Medicare.


Medicare Supplement Plan Comparison

Benefits Medicare Supplement Plans
  A B C* D F* G K L M N
Medicare Part A Deductible No 100% 100% 100% 100% 100% 50% 75% 50% 100%
Medicare Part B Deductible No No 100% No 100% No No No No No
Medicare Part A coinsurance and hospital costs up to an additional 365 days after Medicare benefits are exhausted 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%
Medicare Part B coinsurance or copayment 100% 100% 100% 100% 100% 100% 50% 75% 100% 100%**
First three pints of blood 100% 100% 100% 100% 100% 100% 50% 75% 100% 100%
Medicare Part A hospice coinsurance or copayment 100% 100% 100% 100% 100% 100% 50% 75% 100% 100%
Skilled Nursing Facility (SNF) coinsurance No No 100% 100% 100% 100% 50% 75% 100% 100%
Medicare Part B Excess Charges No No No No 100% 100% No No No No
Foreign Travel Emergency (Up to Plan Limits) No No 80% 80% 80% 80% No No 80% 80%
Out-of-Pocket Limit*** None None None None None None $5,880 $2,940 None None

*Plan F is also has a high-deductible option.  The F high deductible plan pays for all Medicare-covered expenses after you meet a $2340 annual deductible. Plan C and plan F are only available to those who are not new to Medicare.
**Office copay exceptions: Some office visits may require a copayment of up to $20.  Emergency room visits may require a copayment of up to $50.
***Plan pays 100% of covered Medicare costs for the remainder of the calendar year once the out-of-Pocket limit is reached.

Good to know:  Do the math.  When shopping for health insurance, most people focus on the monthly premiums, but you also need to take a close look at deductibles.  For example, if you have a choice between a lower silver plan premium of $345 a month for a plan with a $5,500 deductible, and a higher gold plan premium at $465 a month with a $1,750 deductible, you may be better off with the second plan if you anticipate needing more than $1,500 in medical care.  With the second plan, your total annual cost for the premium and deductible comes to $7,330, a $2,310 savings over the lower premium plan.

Tip #3. Get in touch with a specialist.
Contacting a Medicare Supplement Plan specialist is usually the best way to find out about the plan options that are available to you. a brokerage that has extensive experience concerning all things Medicare.  We are licensed with all the major insurance carriers that offer Medigap plans.  Insurance carriers we work with include: Blue Cross Blue Shield, Cigna, Humana, Mutual of Omaha, AARP, and more.
HealthPark Medical Center, Fort Myers FL - health insurance
HealthPark Medical Center
9981 S Healthpark Dr
Fort Myers, FL 33908
Telephone: (239) 343-5000
Plus Code: G34P+VP Sail Harbour, Florida

Other articles:
Is Short-Term Health Insurance Right For You?
Finding Short Term Health Insurance in Miami Florida.
5 Important Steps For Getting Health Insurance In Florida.
The First 3 Steps in Acquiring Medicare Supplement Insurance Coverage in Florida
3 Tips To Finding Health Insurance in Fort Myers, Florida

Request a Call Back

We are pleased to assist and will respond promptly.