Supplemental Insurance Information
Arizona Medicare Supplement Plans
Most Arizona residents know that their Original Medicare Parts A & B coverage alone allows for too much risk of out-of-pocket expenses.
This is why many Arizona Medicare beneficiaries opt to purchase a Medicare Supplement Plan, also known as a Medigap policy. Medicare Supplement Plans are sold by private insurance companies and reduce the risk by paying most or all of the health care costs that Original Medicare Parts A & B doesn’t cover.
These out-of-pocket expenses that Supplement plans cover include co-payments, coinsurance, deductibles and excess fees. These Supplement plans help fill-in the gaps in your Medicare coverage and provide a very predictable healthcare budget.
Best Medicare Supplement Plans Available in Arizona
There is truly no single supplement plan that is best for everyone because we all have different needs, health-conditions, and financial resources. Here are a few of the most important tips that will help you find the insurance company and plan that will offer you the greatest coverage for the most affordable price.
Is Plan G the best value in Arizona?
There are at least 10 different Medicare Supplement plans available in Arizona that insurance companies are allowed to offer. These plans are named with letters such as Plan G, Plan F, Plan N, and so forth. Many Medicare beneficiaries find Plan G to be the best value because it offers the greatest benefits for the price.
Plans are standardized:
Once you decided on a plan, such as Plan F or G, then the next big tip is to shop around to see which insurance company offers that plan for the lowest price. This is important because all insurance companies in Arizona are required to offer the exact same coverage for each plan! The only thing they are allowed to change is the price they charge for the coverage! To save the most money on your coverage read our 3 steps to Savings!
The benefits from plan to plan are the same from every insurance company. This means the benefits plan G provides will be the same no matter which insurance company you select.
Prices will vary:One more reason to shop around for your plan is because premiums for new applicants are based on your age, sex, tobacco use, and location. So the best Medicare Supplement insurance company for someone in Phoenix will probably be different than someone living in Flagstaff or Tucson. Don’t over pay for your coverage, be sure to shop around and find the best rates available in Arizona for you, especially since each insurance company is providing the same coverage.
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How do Medicare Supplement Plans work?
You are still part of Medicare:You must have Medicare Part A & B in order to apply for a Supplement Plan.
Fills the gaps in Medicare:Supplement plans are specifically designed to pay some or all of the deductibles, co-pays, coinsurance, and excess fees that Medicare does not cover.
Plans are standardized:The benefits from plan to plan are the same from every insurance company. This means that the benefits that plan F provides will be the same no matter which insurance company you choose.
Prices will vary:Plan premiums for new applicants are based on your age, sex, tobacco use, and location. It is important to shop the market for the lowest premiums for you, especially since each insurance company is providing the same benefits.
Individual coverage:Medigap Policies only cover one person so if you and your spouse are both looking for coverage you will have to buy two separate policies.
Guaranteed renewable:Medicare Supplements are guaranteed renewable, which means an insurance company can never cancel your plan due to health conditions as long as you pay your plan premiums.
No networks:With Original Medicare and Medicare Supplement Plans there are no networks. This means you can use any doctor or hospital in the country that accepts Medicare.
No referrals needed:Medicare supplement plans do not require a referral to see a specialist. It is your choice to see any specialist in the country who accepts Medicare.
Drug coverage is separate:Medigap policies sold after January 1st 2006 are no longer allowed to provide drug coverage, so if you would like drug coverage you will have to purchase a Part D prescription drug plan separately.