What Are My Choices for a Medicare Supplement Insurance Plan in Mississippi?
Medicare Parts A and B have some “gaps” in coverage such as copayments, coinsurance and deductibles. Mississippi residents who are looking for a way to plan for some of these “gaps” may want to consider a Medicare Supplement Insurance plan. Also referred to as Medigap, Medicare Supplement Insurance plans can be purchased from private insurance companies throughout Mississippi.
In 2022, Mississippi residents have 10 Medigap or Medicare Supplement Insurance plans from which to choose. These include basic benefits in Plans A, B, D, G, K, L, M and N. Medigap Plans C, E, F, H, I and J are no longer available to newly eligible Medicare recipients but enrollees have been grandfathered into these plans.
As of 2020, Medicare Supplement Insurance 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 Plans C and F as these are the only Medigap plans that cover the Part B deductible. Anyone enrolled in a 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.
Residents of Mississippi looking for a Medicare Supplement Insurance plan need to first look at their specific coverage needs to determine what Medigap plan to consider.
What Are the Most Popular Medicare Supplement Insurance Plans in Mississippi?
The government-approved Medicare Supplement Insurance plans protect residents in most states, including Mississippi. Throughout the state of Mississippi, the insurance companies that sell Medigap plans offer the same basic benefits, however the Medicare Supplement Insurance plans may cost different prices depending upon where you live and the carrier. Each insurer in Mississippi may not offer each of the available Medigap plans.
See below for an overview of the most popular Medigap plans selected by Mississippi residents. As reported by AHIP, 166,628 Mississippi beneficiaries enrolled in a Medigap policy in 2019.
Below is the breakdown of the number of Mississippi 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 Mississippi 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 or consider a Mississippi Medicare Advantage plan, which typically covers prescription drugs and may also include other benefits, such as dental, vision, hearing and gym memberships.
Learn more about your Medicare Supplement Insurance plan options in Mississippi by working with a SelectQuote licensed sales agent. Acting 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 may have throughout the process. SelectQuote individually shops more than 20 national insurance companies to help you compare Medicare plans in Mississippi.
Mississippi residents cannot be enrolled in a Medicare Supplement (Medigap) Insurance plan and a Medicare Advantage plan at the same time. A Medigap plan can also not be used to pay for any expenses for a Medicare Advantage plan.
Enrollment Periods for Mississippi Medicare Supplement Plans
Initial enrollment timeframes are very important. Enrollment for Mississippi Medicare Supplement Insurance plans begins the first day of the month you turn 65 years old. You also must be enrolled in both Medicare Parts A and B in order to enroll in a Medigap plan.
Mississippi residents have a six-month period surrounding their birth month to buy a Medicare Supplement Insurance plan. Mississippi 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 are you eligible for Medicare. You might be surprised to hear that enrollment can begin as early as 64 and 6 months. During this important six-month period, companies that offer Medicare Supplement Insurance plans cannot use underwriting. If you apply for Medicare Supplement Insurance outside of this timeframe, you 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 Mississippi Medicare Supplement Insurance Plan Right for You?
As an independent third-party agency specializing in helping consumers understand their Medicare Insurance options, SelectQuote is here to help you navigate through the Medicare maze and ensure you receive all the available Medicare benefits you deserve. Our licensed sales agents can also ensure that you stay up-to-date regarding the annual updates made by insurance companies who sell Medicare plans. As a trusted Medicare specialist, SelectQuote is here to help you find the right Medicare Supplement 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.