People who are covered by Medicare, often refer to their coverage as Supplemental Insurance Plans (SIP) rather than Medicare. This is because the programs are different and SIPs are not included in Medicare. Medicare Supplement Plans is part of the Federal Employee Health Benefits Program (FEHBP).
AARP Medicare Supplement Plans is for people who are working or on a government pension. Many people prefer them to a government pension because of the fact that the government’s pension program is confusing. You are either on a pension, a Thrift Savings Plan (TSP), or you have a 401(k). There is no need to worry about which plan you are currently on.
Medicare Supplement Plans can be purchased through private insurance companies, Medicare-approved managed care organizations, FEHBP, the Center for Medicare and Medicaid Services (CMS), or the Centers for Medicare and Medicaid Innovation (CMMI). Some places even offer Medicare Supplement Plans through the public exchanges.
The advantage of a Medicare Supplement Plan is that your federal employer or government pension plan covers the coverage. These plans also cover other employer-sponsored medical insurance. They are also known as governmental or private plan. Sign up for AARP Medicare Supplement from https://www.comparemedicaresupplementplans.org/
Plans like these are a good choice if you are self-employed. Because they don’t have any deductibles or coinsurance fees, there is less money left over for you. Some plans only cover office visits but these are typically called managed care plans.
A Supplemental Plan for Seniors will cost you about ten dollars a month and Medicare Supplement Plans are much cheaper, but it doesn’t cover routine checkups, mental health treatments, eyeglasses, hearing aids, X-rays, or dental work. Therefore, if you want these things, you are going to have to buy them separately or in addition to your Medicare Supplement Plan.
If you already have a Supplemental Plan, then you don’t have to purchase one from scratch. You can keep your current plan. If you don’t have one yet, then it is time to look for one.
If you are currently in the market for a Supplemental Plan, you should first know what kind of plan you have. Your plans might cover care in a hospital, hospice care, nursing home care, or other care outside of the traditional healthcare system. Some plans only cover an area of care while others cover everything, so you may have to consult with your provider to find out which plan fits your needs best.
Once you know what you need, the next step is to get quotes from different providers for a Supplemental Plan. You can visit Healthcare.gov to receive a list of providers and plans that are approved by CMS.
Be sure to have the same Special Needs form filled out by each provider so that you can compare the services covered and the prices. This information will help you decide which plan is best for you.
If you have a supplemental plan from an FEHBP Plan and have questions about your coverage, you can call your plan’s toll-free number. Each plan is separate, so you should speak with a supervisor or agent to get answers to your questions.
Hopefully this information on AARP Medicare Supplement Plans will help you decide whether you want to purchase a plan or not. You don’t need a Supplemental Plan if you have a Medicare Part A and Medicare Part B, which covers the same basic benefits.