The power of supplemental insurance is that it will take care of many copayments, deductibles and other medical expenses that Medicare subscribers are having to pay. Even after you sign up for the basic Medicare plan, you will still have some healthcare costs to handle, and a Supplement plan can help alleviate some of the out-of-pocket costs for you. AARP Medicare Supplement plans for 2020 are some of the best versions of these plans, and we want to tell you why.
What a Medicare Supplement Can Do
First of all, Medicare Supplements are healthcare coverage plans that can take over the cost of various expenses for you. Let’s look at the list of items they could be covering for you. Keep in mind that some of these items will not be covered by each plan, as they all offer a different set of coverage from one another:
Medicare Part A copayments- These are going to cover you for the per visit expenses you have to pay once Medicare has done its part
Medicare Part B copayments- These cover the cost of per visit care for outpatient services that are not covered by Medicare
Part A deductible- This takes care of the annual charge for having Medicare Part A
Medicare Part B deductible- Taking care of the annual Part B expense
Medicare Part A hospice coinsurance- Covering the cost of hospice services not already covered by Medicare
Skilled nursing care coinsurance- Covering the cost of nursing care at approved medical facilities that is not already covered under Medicare
Foreign travel exchange- Covering the cost of emergency medical transport for countries outside the United States
Three pints of blood- Taking care of the remaining pints of blood each year that Medicare will not cover
You may notice a theme here- that Supplements cover what Medicare does not. There are actually quite a few Medicare-related expenses that you have to pay out of pocket unless you have something like a Medicare Supplement plan covering for you. This is why we urge seniors to consider this plan and what it might be able to do for them. It really has a lot of offer and has the potential to save them quite a bit of money.
AARP is a Good Choice for Carrier
We think AARP will make a great insurance provider for many seniors. They may not be the best for everyone, but they have plenty to offer. You may want to start with their rates, and each insurance company is able to set their own rates. The rates change over time, so be sure to use our site to source the prices and see how they compare to one another. You should definitely compare AARP’s prices to that of other insurers before you just jump in on one of their Supplement plans.
AARP is a carrier we recommend, but not because of their pricing, though. They are not actually known for very competitive rates. However, they have something else to offer that can be of value to you- member services. These are perks and discounts that you get for being member with them. You can enjoy reduced rates on things like gym memberships, medical procedures and medications with one of the AARP Medicare Supplement plans for 2020.
Signing up for any one of the Medicare Supplements can give you access to the AARP company and the variety of services they have to offer. This is a company that has been around for a while, and they have been working hard to meet the needs of seniors in various ways. They offer so many great services that you can take advantage of, and we recommend you check out their site and see what they might be able to do for you.
If you get a Medicare Supplement from AARP, then you can enjoy their various member benefits and their rates. You also get to benefit from their customer service, which is one of the best regarded in the industry. Read customer reviews about the company and see what others have to say about them. You may be persuaded to try one of their plans just because of the positive word of mouth that surrounds them.
How You Can Get a Medicare Supplement Plan
Seniors who are interested in Medicare Supplements to provide coverage for them should try to sign up once they are 65 years old. You generally have to be that old to get one of these plans, though some people can qualify earlier due to a medical condition. You will need to have a basic Medicare plan too, as that is required in order to start receiving coverage from a Medicare Supplement.
Once all that is in order, then just be sure to sign up at the right time. Enrollment for Medicare Supplements take place around your 65th birthday. You can enter Open Enrollment as soon as you turn 65 and have a valid Medicare Part B plan. You then have six months to sign up if you want to enjoy the benefits of Open Enrollment. This enrollment period allows you to be guaranteed approval for the supplement plan you want. You can choose any of the available plans and expect to be approved for it, no matter which insurance company you sign up with.
You also get the best rates when applying at this time. These rates are not subject to change due to a medical condition you may have, so you definitely want to sign up during Open Enrollment.
You can apply for a Medicare Supplement plan after Open Enrollment, but the benefits available to you won’t be as great. This is really the best time to sign up, if you can. If you are not sure if AARP Medicare Supplement plans for 2020 are right for you, then please give us a call. We can help you make the right decision and ensure that you are covered like you need to be.
Compare Medicare Advantage for 2020