Aarp Medicare Supplemental Health Insurance: Everything You Need To Know In 2023
AARP Medicare Supplemental Health Insurance: Everything You Need to Know in 2023
What is AARP Medicare Supplemental Health Insurance?
AARP Medicare Supplemental Health Insurance, also known as Medigap, is a type of insurance policy available to individuals who are enrolled in Medicare Part A and Part B. Medigap helps to cover some of the expenses that are not covered by Medicare Part A and Part B, such as co-payments, coinsurance, and deductibles.
Who is Eligible for AARP Medicare Supplemental Health Insurance?
Anyone who is enrolled in Medicare Part A and Part B is eligible to purchase a Medigap policy. In addition, individuals must be at least 65 years old and a resident of the United States. In some states, individuals under the age of 65 may be eligible for Medigap if they have certain disabilities or chronic illnesses.
What Does AARP Medicare Supplemental Health Insurance Cover?
AARP Medicare Supplemental Health Insurance covers a variety of medical expenses, including coinsurance and copayment amounts for hospital stays, doctor visits, and outpatient services. It also covers the cost of some preventive care services, such as flu shots and mammograms. Depending on the type of policy you choose, it may also cover expenses related to prescription drugs.
What Types of AARP Medicare Supplemental Health Insurance Are Available?
There are 10 different types of Medigap policies available, each of which covers different types of expenses. The most popular type of Medigap policy is the “Plan F”, which covers all of the expenses listed above, as well as some additional benefits, such as emergency medical transportation. Other types of Medigap policies, such as “Plan N”, cover all of the same expenses as Plan F, but with slightly lower monthly premiums.
How Much Does AARP Medicare Supplemental Health Insurance Cost?
The cost of Medigap policies will vary depending on the type of policy selected and the insurance company offering the policy. Generally speaking, Medigap policies are more expensive than traditional Medicare coverage, but they provide more comprehensive coverage. Additionally, some insurance companies may offer discounts for couples who purchase a joint policy, or for individuals who purchase a policy before the age of 65.