Medicare Supplement (MediGap) Insurance

What happens when you turn 65 years old?

When you turn 65, you become eligible for Medicare, the federal health insurance program for people aged 65 and older. The main parts of Medicare are:

- Part A (Hospital Insurance) - Covers inpatient hospital stays, skilled nursing facility care, hospice care, and some home health care.

- Part B (Medical Insurance) - Covers doctor visits, outpatient care, preventive services, and some medical equipment.

- Part D (Prescription Drug Coverage) - Provides coverage for prescription medications.

You are automatically enrolled in Medicare Parts A and B when you turn 65. You can then choose to enroll in a separate Part D prescription drug plan.

Many people also choose to get a Medicare Supplement Insurance (Medigap) plan to cover costs NOT paid by Original Medicare, such as deductibles and copays. Alternatively, you can get your Medicare benefits through a private Medicare Advantage plan instead of Original Medicare.

The costs for Medicare coverage include monthly premiums, deductibles, and copays/coinsurance, which vary depending on the specific plan you select.

This page will explore Medicare Supplement Insurance, also known as MediGap Insurance.

Here are the typical steps for an insurance agent to enroll a client in a Medicare supplement (Medigap) plan:

1. Gather information: The agent will collect details about the client, such as their name, date of birth, Medicare enrollment information, and current health status.

2. Explain Medigap options: The agent will review the different Medigap plan options available in the client's area and help them understand the coverage and costs of each plan.

3. Recommend a plan: Based on the client's needs and budget, the agent will recommend one or more Medigap plans that would be a good fit.

4. Complete the application: The agent will help the client fill out the Medigap plan application, ensuring all required information is provided.

5. Submit the application: The agent will submit the completed application to the insurance company on the client's behalf.

6. Provide guidance: The agent will explain the next steps in the enrollment process and be available to answer any questions the client may have.

7. Assist with enrollment: The agent will work with the client and the insurance company to complete the enrollment and ensure the Medigap coverage is in place.

8. Provide ongoing support: The agent will continue to be a resource for the client, helping them understand their Medigap plan and make any necessary changes in the future.