Fri. Sep 17th, 2021
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When beneficiaries turn 65, they can enroll in Original Medicare. This is where they receive Parts A and B. Many times there are gaps between what those parts cover and deductibles and co-payments that are incurred when visiting doctors and receiving medical treatment. Iowa Medicare Supplemental insurance plans are designed to help cover those gaps, which is why these supplement plans are also known as Medigap plans.

Iowa Medicare Supplement plans can include coverage for blood, nursing facility care, hospice services and medical services received out of the United States. These additional areas of coverage depend on which plan a beneficiary chooses. There’s 10 different types of Medicare supplemental insurance plans available. Each plan has a different letter associated with it such as “Plan A”, “Plan B” and so on. These plans are sold by private insurance companies and the benefits are regulated by the government.

When Do I Enroll

The best time to enroll into one of the Iowa Medicare Supplement insurance plans is during the Open Enrollment Period, or OEP. The OEP begins the month after your 65th birthday once your Medicare Part B has become effective. For example, if you turned 65 on March 13th but your Part B effective date was April 5th, then your OEP begins May 1st. This time frame will last for six months.

One of the many advantages of enrolling during this Open Enrollment Period is that companies providing these policies may not require medical underwriting prior to enrollment which gives beneficiaries who already have medical conditions the opportunity to purchase a plan at the same cost as someone who is in good health at the time of purchase.

When the Open Enrollment Period is over, companies are able to require beneficiaries to have medical underwriting which means they can also charge a higher premium to an enrolled who has medical issues at the time of application. Companies are able to deny coverage based on a beneficiary’s current medical condition and past medical issues.

Iowa Medicare Supplement Plans Comparison

While Medicare lists ten types of supplement plans, states have the option to choose which ones they will offer. All states are required to provide at least Plan A, Plan C & Plan F. However, the remaining plans that are offered through private insurance companies are at the discretion of the carriers within the state. In this Iowa Medicare supplement plans comparison, we’ll compare Plans A, C, D, F and G.

  • Medicare Supplement Plan A benefits are required across all letter plans, it’s the core policy benefits. This includes coverage for your Part A coinsurance, Part B coinsurance or copayments, the first three pints of blood, Hospice Care coinsurance/copayment from Part A and Medicare preventive care Part B coinsurance.
  • Medigap Plan C will include all the above benefits as well as coverage for skilled nursing care coinsurance, your Part A and Part B Medicare deductible as well as foreign travel emergency coverage.
  • Medicare Supplement Plan D will cover everything that Plan C covers, except for your Part A deductible.
  • Medicare Gap Insurance Plan F has the most broad coverage and is one of the more popular plans. It includes all the same benefits as Plan C as well as coverage for any Medicare Part B excess charges.
  • Another top Medicare Supplement insurance Plan is Plan G. This plan has all the same benefits as Plan F, except it won’t cover your Part B deductible for Medicare.

Costs may vary from insurance company to insurance company, so you’ll want to compare Medigap insurance rates with different companies who provide the plan you have chosen. Reviewing the Iowa Medicare Supplement premium comparison guide with one of our licensed agents will be the next step in finding the plan and company that works best for you. Make sure to check what the current Iowa Medicare Supplemental insurance rate increases have been over the past few years with each carrier you review.

Iowa Supplement for Medicare for those Under 65

Not all states will require the provider to offer these plans to those on disability under 65 years old. Unfortunately, Iowa is one of them. However, some providers may still make these plans available to you within the state. An agent will be able to research the providers for you to see which once offer them in your state, you can contact one at the number above.

How Do I Buy a Medicare Supplement Online

If you want more information about all of the plans available, you can either call the number on our site where a licensed agent in your state will be available to assist you now or you can compare rates to buy a Medicare Supplement online here!