Understanding A Medicare Supplement Form

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Medicare Supplement Plans in Charlottesville, VA

Medicare Supplement Insurance is a policy that covers expenses Medicare leaves behind. Many seniors purchase Medicare Supplement plans in Charlottesville, VA since Medicare doesn’t cover 100% of healthcare costs.

Supplemental plans typically cover 20% of expenses from doctor visits, diagnostic testing, ER visits, physical therapy, and other medical services. Additionally, Medicare charges a $1,600 deductible for each period if you stay overnight in the hospital. If you re-enter the hospital, you’ll be charged again.

If you’re wondering whether a Medicare Supplement plan is right for you, the experts at Steinlage Insurance Agency in Charlottesville, VA, can help. Contact us today for a free assessment.

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Benefits Associated with Medicare Supplement Plans

Every company offering Medicare Supplement plans (also known as Medigap) must include the same policy benefits. As a result, Anthem Blue Cross and Blue Shield’s Supplemental F policy is the same as UnitedHealthcare’s.

Medigap plans are standardized by the federal government and labeled A, B, C, D, F, G, K, L, M, and N. Each letter represents a coverage level, with Plan F including the most coverage.

You’ll receive the same benefits regardless of company or location. When visiting the doctor or receiving healthcare services, you will show your Primary Medicare (red/white/blue) card and the Secondary Medicare Supplement card.

The benefits of Medicare Supplement plans include the following:

  • You can retain your doctor and have access to any physician or hospital nationwide accepting Medicare
  • No referrals, managed care requirements, pre-certification for testing, or prior authorization 
  • You and your doctor plan your care – not an insurance company
  • So long as you pay premiums, you can enjoy stability – your plan cannot be canceled on your behalf
  • No out-of-pocket expenses – Medicare pays 80%, Medicare Supplement pays 20%, and you pay nothing

However, the most notable downside is paying the insurance company a premium (in addition to Part B). Another recommended benefit is Part D (prescription drug coverage), which also has a premium.

How to Choose the Best Medigap Plan

If you’re wondering how to decide which Medicare Supplement plan is best for you, Steinlage Insurance Agency has you covered. Our services are free of charge – we receive compensation from the insurance company you choose.

We represent the top Medicare Supplemental Insurance companies nationwide. Our team works for you – not the insurance company. We’ll identify the lowest-priced, highest-rated carriers in the Charlottesville area.

Every company approved to offer Supplemental coverage must file their rates with the Virginia State Department of Insurance. As a result, you pay the same price regardless of how you purchase it.

How We Find the Most Appropriate Plan for You

Our expert Medicare consultants in Virginia analyze every Supplemental plan and insurance company available, looking for criteria such as the following:

  • Coverage level that suits your needs
  • Lowest monthly premium
  • A good reputation for paying claims and financial stability
  • Past, present, and future average rate increases
  • Additional discounts, such as EFT payments, marriage, zip code, non-smoker, gender, and more

To further explain how we identify the most appropriate plan for your needs, below is an example scenario:

A client lives in Charlottesville, VA, and turns 65 in 3 months. They call Steinlage Insurance Agency, and we thoroughly analyze all Medicare plan options tailored to the client’s medications, doctors, and location. We assess the pros and cons of each plan in-depth to narrow down the choices.

Get a Free Assessment for Medicare Supplement Plans in Charlottesville, VA

We understand that finding the right Medicare plan can feel overwhelming. Steinlage’s experts are here to help. We stay ahead of updates in the Medicare industry and can adjust your insurance program to reflect your changing needs.

We work to ensure every senior receives the coverage they need. Contact us today for a free assessment of Medicare Supplement plans in Charlottesville, VA. We look forward to assisting you and providing individualized recommendations.

Get Your Free Assessment Today

To learn more about Medicare Supplement plans in Charlottesville, check out our resource on Choosing a Medigap Policy in 2023.

Medicare Supplement FAQs

Below is a list of frequently asked questions we receive about Medicare Supplement plans.

Do I need Original Medicare to get a Medicare Supplement plan?

You must be enrolled in Parts A and B of Medicare to qualify for a Medicare Supplement plan.

What services are covered under a Medicare Supplement plan?

Medicare Supplement plans typically cover 20% of the out-of-pocket costs left behind from Original Medicare Part A and Part B, such as deductibles, copayments, and more. The specific services covered vary by plan and coverage level.

How often can I change my Medicare Supplement plan?

Generally, you can switch Medicare Supplement plans during the Annual Enrollment Period (AEP). As a client of Steinlage, we will meet yearly to determine whether changes are necessary.

What’s the difference between a Medigap and a Medicare Advantage plan?

The main difference between Medigap and Medicare Advantage plans is that Medigap plans supplement Original Medicare while Medicare Advantage plans replace it. Medigap plans help cover some of the costs associated with Original Medicare, such as deductibles. In contrast, Medicare Advantage plans offer an alternative to Original Medicare, including additional coverage, like prescription drugs.

Is a prescription drug component included in a Medicare Supplement plan?

Prescription drug coverage is not included in a Medicare Supplement plan. If you wish to have prescription drug coverage, enroll in a stand-alone Part D plan or choose a Medicare Advantage plan.

What is Medicare Supplement, and How to Choose the Right Plan

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