Key Details About Medicare Supplement Insurance Plans in Delaware?
If you’re intent on crossing the Delaware River, it’s critical to know if there are any gaps in the map. The same is true when it comes to assessing some of the “gaps” in Medicare that could inhibit healthcare coverage such as copayments, coinsurance and deductibles. Medigap insurance, otherwise known as Medicare Supplement Insurance plans in Delaware, fill some of the “gaps” between what is and is not covered by Medicare Parts A and B and can potentially save you money by planning for out-of-pocket costs.
Medigap plans are available from private insurance companies throughout Delaware. In 2022, residents of Delaware have 10 Medigap or Medicare Supplement Insurance plans from which to choose. These include basic benefits from Plans A, B, D, G, K, L, M and N. Medigap Plans C, E, F, H, I and J are no longer available to those who are newly eligible to Medicare but those enrolled in these plans are grandfathered into them.
As of 2020, Medicare Supplement plans will no longer sell Medigap Plans C or F to newly eligible Medicare members. Congress has decided that new Medigap plans will no longer be allowed to cover the Part B deductible after January 1, 2020. This will only affect Medicare Supplement Insurance plans C and F as these are the only Medigap plans that cover the Part B deductible. Anyone enrolled in Medigap Plan C or F as of December 31, 2019, will be grandfathered and will be able to continue to use their plan as long as they want.
Delaware residents looking for the most popular Medicare Supplement Insurance plans need to first look at their specific coverage needs to determine what type of Medigap plan to consider.
Most Popular Medicare Supplement Insurance Plans in Delaware
The government-approved Medicare Supplement Insurance plans help protect consumers in most states, including Delaware. Below are statistics outlining the most popular Medigap options selected by Delaware residents. The insurance companies with Medigap plans offer the same basic benefits, but plans may come at different prices. Each insurer may not offer each of the available Medicare Supplement Plans.
As reported by AHIP, 65,349 Delaware beneficiaries enrolled in a Medigap policy in 2019. Below is the breakdown of the number of Delaware enrollees by Medigap plan type.
Source: AHIP. Reflects data through December, 2019.
Source: AHIP. Reflects data through December, 2019
While a Medigap policy will help pay for things like copayments, coinsurance and deductibles not covered by Medicare Parts A and B, it is important to note that your Delaware Medicare Supplement Insurance plan will not cover benefits for prescription drugs. However, you can buy an additional Medicare Prescription Drug plan to cover prescription drug costs. One other option is to consider a Delaware Medicare Advantage plan, which typically covers prescription drugs and may also include other benefits, such as dental, vision, gym memberships and hearing coverage.
Learn more about your Medicare Supplement Insurance Plan options in Delaware by working with a SelectQuote licensed sales agent. We act as your advocate. Our licensed sales agents can guide you through the Medicare maze to better understand Medigap Plan options and answer any questions you might have throughout the process. SelectQuote individually shops more than 20 national insurance companies to help you compare Medicare Insurance plans in Delaware.
Delaware residents cannot be enrolled in a Medicare Supplement (Medigap) Insurance plan and a Medicare Advantage Plan at the same time. A Medigap Plan in Delaware cannot be used to pay for any expenses for a Medicare Advantage Plan.
Delaware Medicare Supplement Plan Enrollment Period
Initial enrollment timeframes are very important. Enrollment for Medicare Supplement Insurance plans in Delaware begins the first day of the month you turn at least 65 years old. You also must be enrolled in both Medicare Parts A and B in order to get a Medigap plan.
Delaware residents have a six-month window around their birth month to buy a Medicare Supplement Insurance plan. Delaware residents under the age of 65 can check with the Social Security Administration office for additional enrollment periods.
The best time to enroll in a Medicare Supplement Insurance plan is during the initial 6 months you are eligible for Medicare. It’s a smart idea to get a jump on enrollment. You can enroll as early as 64 and 6 months of age. During this important six-month period, companies that offer Medicare Supplement Insurance plans cannot use underwriting during this time. In other words, during this time your acceptance is guaranteed. However, if you apply for Medicare Supplement Insurance outside of this 6-month timeframe, Delaware residents will be subject to a physical exam. If you apply for Medigap coverage after the first six months of eligibility, a company can refuse to sell you a plan or premiums may also adjust depending on current health status and pre-existing health conditions.
Is a Delaware Medicare Supplement Insurance Plan Right for You?
SelectQuote is an independent third party company which specializes in helping consumers find the right Medicare plan to meet their needs. We are prepared to help ensure you’re getting all the available benefits you deserve. We can also help you stay current with annual updates to Medicare plans made by insurance companies. You can count on SelectQuote to help Delaware residents find the right Medicare Supplement Insurance plan to meet your needs.
To ensure you are getting all the benefits you are entitled to receive, call or complete your online form today. Let SelectQuote’s personal licensed sales agents simplify the Medicare maze by comparing rates and independently shopping insurance companies to help you find an affordable option that meets your unique needs.