Many seniors in the Springfield area are aware that the benefits provided by Medicare are often limited. For example, seniors are required to pay $25 or $50 for each and every day they are in a skilled nursing facility. To eliminate coverage limitations such as this, it may be wise to consider buying Supplemental Medicare Insurance in Springfield Missouri. However, timing when to apply is very important. Unlike other health insurance products, medical underwriting is still allowed with these policies. That is why it is important for seniors to not delay in deciding when to purchase and what type of Medicare supplement policy to purchase.
The best time to buy Supplemental Medicare Insurance in Springfield Missouri is during the Medigap open enrollment period, which is during the initial six months after a senior turns 65 years of age. During this open enrollment period, insurance companies cannot turn down an applicant for any Medicare supplement policy. The applicant will get the best price even if he or she has health problems. After this open enrollment period, the insurance company can require medical underwriting and turn down applicants. Pre-existing condition clauses can be added to the policy as well. Many seniors are not in good health when they become 65 years old. After open enrollment, many seniors may find that they are no longer able to get supplemental Medicare coverage at any price. That is why it is important to seriously consider buying this type of policy at age 65.
There are many coverage options when buying supplemental Medicare policies. The federal government has somewhat simplified the process by assigning a letter to each type of supplemental Medicare policy with specific benefits. For example, a G plan from one insurance company will have the exact benefits as any other. The only major difference between insurers is the price. Seniors should look at all of the ten Medigap options to figure out which one is best for them.
All of this can be very confusing for seniors thinking about their Medicare coverage. Those who want to learn more should Click here for more information. Spending some time and effort learning about Medicare supplement insurance upon eligibility for Medigap open enrollment is well worth it.
