Overview of AARP Medicare Supplemental Insurance
AARP, formerly known as the American Association of Retired Persons, is an association that provides a variety of services and products to its members. This includes insurance offerings such as AARP Medicare Supplemental Insurance, which is a health insurance plan for people over 65 and those with certain disabilities. AARP Medicare Supplemental Insurance is offered in conjunction with original Medicare, and provides coverage for services and items not covered by Medicare. AARP Medicare Supplemental Insurance is also referred to as Medigap coverage.
Types of AARP Medicare Supplemental Insurance
AARP Medicare Supplemental Insurance comes in 10 different plan types, labeled A through N. Different plans provide different levels of coverage, from basic coverage to more comprehensive coverage. For example, Plan A provides basic coverage for items such as copayments and coinsurance, while Plan N offers more coverage such as coverage for foreign travel emergencies.
Eligibility for AARP Medicare Supplemental Insurance
In order to be eligible for AARP Medicare Supplemental Insurance, you must be enrolled in Medicare Part A and Part B, and be a member of AARP. You must also be at least 65 years old, or disabled and under 65. You must also be a permanent resident of the United States and live in the U.S. state where you are applying for coverage. If you are eligible for Medicare due to a disability, you are also eligible for AARP Medicare Supplemental Insurance.
Costs for AARP Medicare Supplemental Insurance
The cost of AARP Medicare Supplemental Insurance varies based on the plan you choose, your state of residence, and your age. Premiums typically increase as you get older. Plan A typically has the lowest premiums, while Plan N typically has the highest premiums. The cost of your plan may also vary based on whether you choose to pay your premiums monthly, quarterly, or annually.
How to Apply for AARP Medicare Supplemental Insurance
You can apply for AARP Medicare Supplemental Insurance online, by phone, or by mail. When you apply, you will need to provide your name, address, and other identifying information, as well as information about your Medicare coverage. The application process also includes a medical questionnaire that must be completed and returned. Once your application is approved, you will receive an identification card and policy documents.
Benefits of AARP Medicare Supplemental Insurance
AARP Medicare Supplemental Insurance provides coverage for services and items not covered by Medicare, such as copayments, coinsurance, and deductibles. It also covers some items that Medicare does not cover, such as foreign travel emergency care. The plan also offers some additional benefits, such as coverage for preventive care and prescription drugs. Additionally, AARP Medicare Supplemental Insurance provides access to a network of providers who offer discounted prices on services.
Disadvantages of AARP Medicare Supplemental Insurance
While there are many advantages to AARP Medicare Supplemental Insurance, there are also some disadvantages. Premiums for AARP Medicare Supplemental Insurance plans can be expensive, and the plan does not cover long-term care or custodial care. Additionally, the plan does not cover services from providers who are not part of the AARP network. Finally, the plan does not cover certain services, such as hearing aids, vision care, and dental care.
Choosing the Right AARP Medicare Supplemental Insurance Plan
Choosing the right AARP Medicare Supplemental Insurance plan can be a difficult decision. To make the best choice, it is important to understand each plan’s coverage and costs. It is also important to consider your medical needs and budget when deciding which plan is right for you. Finally, it is important to compare plans from different insurers to ensure you are getting the best coverage at the best price.
Conclusion
AARP Medicare Supplemental Insurance can be a good option for those who are over 65 and those with certain disabilities. It provides coverage for services and items not covered by Medicare, and offers some additional benefits, such as coverage for preventive care and prescription drugs. However, premiums for AARP Medicare Supplemental Insurance plans can be expensive, and the plan does not cover long-term care or custodial care. When choosing an AARP Medicare Supplemental Insurance plan, it is important to understand each plan’s coverage and costs and compare plans from different insurers.