To be eligible to purchase a Medicare Supplement plan, you must first have Medicare (original)- both Medicare Part B and A. You will not be able to buy a Medicare Supplement Plan if you have Medicare Part C. However, you can do so if you transfer to original Medicare.
The following are the steps in which you can enroll in a Medicare Supplement Plan.
1st Step: Researching your Supplement Plan Options
The first step is to explore your Medicare supplement plan options. There are currently ten different plans to pick from- hence you need to make some important decisions such as if you would like to have coverage for Part A coverage or coinsurance for stuff like international travel).
2nd Step: Check out the Availability and Pricing of your Area
Put in your ZIP code by utilizing this Medicare.gov’s useful tool. The resulting webpage will show you what Medicare Supplement plans are available in your particular residential area along with their pricing structure.
While the plan you pick is contingent on your future and current requirements, it is typically ideal to opt for the Medicare Supplement plan with the most advantages you can easily afford.
3rd Step: Apply for the Medicare Supplement Plan you like
Once you have selected your Supplement plan, there happen to be a couple of ways to apply. If you have a preferred insurance provider already, you may directly call them or head to their official website. However, in this way, you cannot compare prices from different insurance providers- the price the organization quotes will be the cost you have to pay.
If you want to compare and contrast prices, you can reach out to an independent agent who will compare prices from several insurance organizations. After you have zeroed in on the Medicare Supplement plan, they will walk you through the remaining enrollment process to fill out an enrollment plan.
You should also know the ideal time to apply for a Medicare Supplement plan is within six months of enrolling for Medicare Part B.
Enrolling for a Medicare Supplement Plan if you are under the age of 65
It is important to keep in mind that insurance organizations have no obligation to offer a Medicare Supplement plan to you below 65. For instance, if you have Medicare owing to renal disease (end-stage) or a disability.
A few of the states might require insurance providers to provide Medicare Supplement plans to individuals below the age of 65, but you might be able to enroll in limited plans only. Be sure to check with SHIP (State Health Insurance Assistance Program) in your particular state to gather more information on the Medicare Supplement plan rules in your state.
Furthermore, you can also reach out to us if you have any questions regarding enrolling in a Medicare Supplement Plan.