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What Are the Medicare Supplement Insurance Plans in Nebraska?
Medigap or Medicare Supplement Insurance plans are an option for Nebraska residents who are looking to cover some of the “gaps” for things not covered by Medicare Parts A and B, such as copayments, coinsurance and deductibles. If this is something you’re looking for, you may want to consider a Medicare Supplement Insurance plan in Nebraska. Medicare Supplement Insurance plans can be purchased from private insurance companies throughout Nebraska.
Nebraska residents have 8 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 to 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.
Nebraska residents looking for a Medicare Supplement Insurance plan need to first identify their specific coverage needs in order to determine what Medigap plan to consider.
Most Popular Medicare Supplement Insurance Plans in Nebraska
The 8 government-approved Medicare Supplement Insurance plans protect residents in most states, including Nebraska. Throughout the state of Nebraska, 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 insurer. Each insurer in Nebraska may not offer each of the available Medigap plans.
As reported by AHIP, among those who selected a Medigap policy, two-thirds (67.4%) choose Plan F, 24.2% choose Plan G while 2.7% choose Plan N. Below is the breakdown of the number of Nebraska enrollees by Medigap plan type.
Source: AHIP. Reflects data through December 31, 2017.
Source: AHIP. Reflects data through December 31, 2017.
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 Nebraska 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 Medicare Advantage plan, which typically include prescription drug coverage and may also include other benefits, such as dental, vision, hearing and gym memberships.
Learn more about your Medicare Supplement Insurance plan options in Nebraska 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 Nebraska.
Nebraska 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.
Nebraska Medicare Supplement Plan Enrollment Periods
Initial enrollment timeframes are very important. Enrollment for Nebraska 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.
Nebraska residents have a six-month period surrounding their birth month to buy a Medicare Supplement Insurance plan. Nebraska 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 are 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 Nebraska Medicare Supplement Insurance Plan Right for You?
Not sure if you’re staying current with the updates made to Medicare plans annually? SelectQuote can help. Our licensed sales agents are here to help you through the Medicare maze, including ensuring you receive all the available Medicare benefits you deserve. As a trusted Medicare insurance 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.