Medicare Supplemental Insurance Delaware

Medical Supplemental Insurance, Delaware

Call 1-800-Medigap for a free quote, 1-800-633-4427

Delaware Medicare Supplemental Insurance – What is Medicare?

Medicare is federally funded health insurance for individuals 65 years and older. It is also available for anyone with certain disabilities that are under 65 years of age. While Medicare covers many medical bills there are certain levels of coverage that do not equal 100 percent. Medicare provides health-related coverage to individuals in four parts. Medicare Part A covers hospital expenses, Part B covers medical expenses, Part C is a Medicare Advantage Plan, and Part D provides prescription coverage. All of these medical care coverage levels have maximum allowable payment amounts or co-insurance amounts leaving the individual responsible for any remaining costs. Delaware Medicare Supplemental Insurance provides “gap” coverage.

Delaware Medicare Supplemental Insurance – What Is It?

Medigap insurance is a supplemental insurance program that covers some expenses that Medicare does not cover. The Medigap supplemental insurance is regulated by the Delaware Department of Insurance. Medigap supplemental insurance plans provide levels of coverage for the coinsurance and copayment amounts not covered by Medicare

•Hospital costs – a Medigap policy can cover expenses up to 365 days per year after the Medicare allowable coverage ends.

•Medical expenses – Medigap policies can cover coinsurances and copayments

•Hospice care copayments

•Part B coinsurance for preventive care

These medical related expenses would be covered after the individual pays their annual deductibles, unless the Delaware Medicare Supplemental Insurance policy covers the deductible.

Delaware Medicare Supplemental Insurance – Types of Policies

In Delaware there are Medigap plans available in different coverage levels. The plans range from A through N. There are charts comparing all the plans in a clear, easily understood way that help to make the decision on which Medigap policy is right for individual needs. The Medigap plans different in levels of coverage available for skilled nursing facilities, hospital days, emergency rooms, and hospice cost-sharing. There are levels of copayments, coinsurance, deductibles, and cost-sharing allowances.

An individual would purchase only one Delaware Medicare Medigap insurance policy.

Delaware Medicare Supplemental Insurance – How Rates Are Determined

Delaware Medigap policies are available in Standard policies and High Deductible Plans. Rates are determined, per policy selected, on three basic criteria.

•Issue Age – premiums based on age of individual when the purchase the plan
•Attained Age – premiums based on individual’s current age, so premiums would increase as the individual ages
•Community Rates – premium is same regardless of who purchases the plan

A thorough review of all options is necessary before selecting the right Delaware Medicare Supplemental Insurance policy.