When Medicare was first made law over fifty years ago, insurance carriers created Medicare Supplements, or Medigap plans, to help people insure against the various cost-sharing for which they would be responsible under the new federal health insurance program for seniors. While these plans usually have a smaller network of doctors, some MA plans may cover prescriptions, dental or even Medicare deductibles. Medical underwriting is illegal during your open enrollment, and all pre-existing conditions must be covered without a waiting period.

Depending on your age when you first enroll in a Medicare Supplement plan, you may start with as much as a 35 www.youtube.com percent discount on your policy. It is not designed to replace an Original Medicare plan, but rather, it is meant to provide individuals with supplemental coverage to ensure maximum benefit.

From October 15 - December 7, anyone with Medicare Parts A & B can switch to Medicare Part C (Medicare Advantage); anyone with Medicare Part C can switch back to Medicare A & B; anyone who with Medicare Parts A or B can join, drop or switch a Part D prescription drug plan; and anyone with Medicare Part C can switch to a new Part C plan.

Medicare requires a Part A deductible for hospitalizations ($1,340 in 2018), a separate deductible for most Part B services ($183), 20 percent coinsurance for many Part B (physician and outpatient) services, daily copayments for hospital stays that are longer than 60 days, and daily copays for extended stays in skilled nursing facilities.

Individuals that apply for coverage through a Medicare insurance program as soon as they are eligible for Medicare will not have to pass any medical underwriting requirements and receive the best rates possible. But one thing that's for sure is people will always need Medicare.

With plans A, B, C, F, and N all available, customers have a variety of low, medium, and high coverage options. It's the next best thing to having attended these national Medicare Supplement Sales Summits. While enrolling for the services, the individual has to consider Medicare part A, B, C and D. Due to the many choices that are available; it pays to be well aware of the terms that are in every category, if you are to make the right choice.

Medigap plans are also going to cover some of the services which are not being covered by the Original Medicare insurance. Overall, Medicare beneficiaries can choose from about 3,700 plans for 2019, or 600 more than this year, according to the federal government's Centers for Medicare & Medicaid Services.