Medicare Supplement Plans Texas

Medicare Supplement Plans in Texas

For Medicare Supplement Plans Texas, there are several choices, but what is the best Medicare Supplement Plan in Texas?  The answer to that question is “It depends”.

I know that is not exactly what you are looking for but please keep reading for a full explanation or call us anytime at 844-528-8688 for a personal consultation on what Medicare Supplement Insurance Plan in Texas fits you the best.

No matter where you live in Texas when you enter Original Medicare, you need Medicare supplement insurance coverage that fits your lifestyle and budget. Medicare Supplement Plans in Texas are readily available without any clinical underwriting throughout your open enrollment period.  See our Medicare Supplement Insurance Guide for information on entering into Medicare.

To learn more about Texas Medicare Supplement Plans, keep reading.

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First Things First, You Need to check out Original Medicare Plans in Texas

To be eligible for a Texas Medicare Supplement Insurance Plan, you need to have Original Medicare Part A and Part B.

Enrolling into Medicare Plans in Texas

There are two different scenarios when it comes to your Original Medicare Enrollment, to find out what you need to do to enroll in Medicare Part A and Medicare Part B, see below to find which fits your situation.

Medicare Supplement Plans in Texas For People Under 65 And Disabled

If you are under 65 and on Medicare in Texas, you get a 6 month open enrollment period that starts the day your Medicare Part B goes into effect.  This open enrollment right only applies to a Medicare supplement Plan A.  When you reach the age of 65 you will be given another open enrollment period that will apply to all Medigap Plans in Texas that are available.

Finding Your Texas Medicare Supplement Insurance Plan

Now that you understand signing up for Original Medicare Part A and Part B, it is time to find the best Texas Medicare Supplement Plan for you.  While rates for Medicare Supplement Insurance Plans in Texas are very important, you need to also look at the company and the rate increase history.  What might be the absolute cheapest monthly premium now, could end up very costly down the road.

Medicare Supplements in Texas tend to come into an area with a very low “introduction price” in essence they are buying new business.  After they start building the book of business they will raise the rates significantly to cover the losses.  This is just one of the reasons we at Medicare Solutions Team carry over twenty Medicare Supplement Plans Texas providers.

Medicare Supplement Insurance Plans, sometimes called Medigap Plans are set and standardized by CMS (Medicare).  They offer 10 plans but the three most popular are Plan F, Plan G and Plan N and we consider these to be the best Medicare Supplement plans in Texas when in comes to price and value.

Texas Medicare Supplement Plan F

The Plan F Medicare Supplement Plan Texas, simply put, covers everything.  On the face that seems like a great idea, but there are a few reasons why you should take a very close look at Plan F before you pull the trigger:

1. It is the most expensive Plan on the Market
2. It has the highest rate increases of all the Medicare Supplement Plans
3. Plan F will no longer be available to new enrollment as of 2020.

**The Medicare Supplement Plan F High deductible plan will not be changed in 2020.

Texas Medicare Supplement Plan G

The Medicare Supplement Plan Texas that offers the most coverage for the lowest premium is the Medigap Plan G.  The Medicare Supplement Plan G in Texas offers the exact same benefits as Plan F except that you will pay the Part B deductible.  The Original Medicare Part B deductible is set by Medicare and can change, but at this time it is $233.00 per year.

The Medicare Supplement Plan G in Texas is normally $300.00 to $400.00 per year less in premium than the Plan F and historically has much lower rate increases.

Once the Original Medicare Part B deductible ($233.00 for 2022) is paid, your benefits will be identical to the Medicare Supplement Plan F.  Why would anyone want to pay an insurance company $300.00 to $400.00 a year more just to pay a $233.00 deductible.

Texas Medicare Supplement Plan N

Medicare Supplement Plan N is one of the lowest cost Medicare Supplement Plans, but you will take on a little more risk and out-of-pocket costs than you would with Plan F or Plan G.  With a Medigap Plan N you will have a copay of $20.00 for the doctor visits and a $50.00 for an emergency room visit.

Paying a copay is something that most people are used to, and does add some cost if and when you go to the doctor, but there is another facet of the Plan N that you need to be aware of.

The Plan N does not cover Original Medicare Part B excess charges. This could be a big deal or nothing at all.  If a doctor accepts Medicare but is not assigned by Medicare he can legally charge you 15% over the Original Medicare Part B approved amount.  You would then be responsible for that extra cost. This would not be the case with Plan F or Plan G which are considered two of the best Medicare Supplement plans in Texas.

Now the excess charges could end up not being a problem at all, in fact, there are some states that do not allow the excess charges, sadly Texas is not one of them.  As of the last report, approximately 93% of doctors across the United States accept Medicare Assignment and if you do your due diligence when looking for a doctor or having a procedure done, it should not be a problem.

For complete details on Medicare Supplement Plans Texas, you can reach us by email on our contact us page or by calling 844-528-8688.  Remember there is never a fee for our service of helping you find the best Medicare Supplements in Texas.

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