First of all, it is important to know that Medicare Supplement Plan A and Medicare Part A are two completely different things. But, Medicare Supplement Plans and Medigap mean the same thing. Simply put, Medicare Part A is the Hospital section of the Original Medicare Cover while Medigap Plan A is a supplementary policy that helps cover some of your medical expenses. While Medicare posts for most of your expenses, it does not pay for all of them, this leaves gaps in your bill and thus the need for Supplementary Insurance.
One such Medicare Supplement Plan is the Medicare Supplement Plan A and they are offered by private insurance companies. These plans help the beneficiaries to cover most if not all of their out of pocket costs that stem from medical expenses. Medigap Plan A serves this purpose. It helps to cover your coinsurance, deductibles, and co-payments. It, however, does not cover your Medicare Part B premiums.
These Medicare Supplement Plans are subject to federal and state guidelines that determine the benefits enjoyed by all recipients across the board. This is a move that was put in place to cover the recipients. Thus, carriers are only allowed to sell standardized policies with certain basic benefits.
Medigap Plan a Coverage and Eligibility
This is the basic Medicare Supplemental Plan and as such, has the least benefits out of the available 10 plans. It also doesn’t offer coverage for drugs, something that is a constant across the other plans. For these benefits, it is a requirement for one to enroll in a prescription drug plan offered by their Medicare Policy provider.
One is only eligible for a Medigap Plan A if they currently have an Original Medicare Coverage, either Part A or Part B. for your application to be accepted outright, it is always advisable to enroll during your Open Enrollment Period. This is a period that automatically starts on the first day of the month when you are older than 65 and at the same time enrolled to Original Medicare Part B. This is a time when very few rules are imposed on your application and acceptance is rather almost assured. You can also not incur extra charges due to pre-expiring conditions.
All Medicare Supplement Plans 2019 are individual and as such, in a couple, each partner should have their own coverage. Having the least amounts of benefits makes this the cheapest of the Supplemental Medical Plans it has the lowest premium costs and thus ranks as the most affordable. Medigap Plan A is however not the best alternative for people that need constant medical care and attention as it doesn’t offer a very lucrative coverage.
This is but one of the 10 available Medicare coverage plans and as such before deciding on what Medicare Supplement Plans work best for you, have a long discussion with your health insurance provider before settling on a policy. This is the only way to ensure that you not only get the most out of your Medigap but also end up incurring the least amount of personnel costs.