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Medicare Supplement Plans (Medigap) are designed to cover those costs of your normal medical costs which Medicare will not cover.  Medicare Supplemental Insurance is available to individuals that are enrolled in Medicare part A and B.  During the first six months after you turn 65, there is an open enrollment period for Medicare Supplemental Insurance in which you do not need to qualify.  After your six month open enrollment period, you can still sign up for a Medicare Supplement Insurance plan, but you would need to go through underwritting where you risk being turned down if not healthy enough.

Another option you have is called a Medicare Advantage plan.  These plans are designed very similar to the Medigap insurance plans except that the government helps pay the premiums.  Special conditions may apply, so check with your Medicare Supplement Insurance agent.

Since Medicare Supplement insurance plans are standardized and all insurance companies offer the same basic supplemental coverage, your best strategy is to compare Medicare Supplement rates with as many carriers as possible.

Medicare Supplements in the News

Medicare To Bundle Payments For End-Stage Renal Care, Reward Quality
Modern Healthcare: Medicare payment for end-stage renal disease care may soon be tied to performance and quality measures if a new proposed rule issued by the Centers for Medicare and Medicaid Services is finalized. "If the rule is finalized, ESRD providers that do not meet set standards" - two measures for anemia management and one for hemodialysis quality - "could have their Medicare payments ...

Medicare Announces Bundled Payment System For Renal Dialysis
Medicare Announces Bundled Payment System For Renal Dialysis

New Medicare pay plan for dialysis begins in 2011
A new Medicare payment schedule for kidney dialysis starting in 2011 may not be enough to cover some patients and force difficult ethical and business decisions for providers, health professionals attending a conference were told Wednesday.

Medicare Phone Scam Targets Seniors
JACKSONVILLE, Fla. -- Crooks are telling seniors they need to set up an appointment and sign some forms to receive their medicare rebate. Tom Stephens with the Better Business Bureau says it's a complete scam and that the rebate will come to people automatically.

MCOs Offering Both Medicare Advantage and Part D Plans are More Than Twice as Likely to Cover Avastin and Herceptin as ...
HealthLeaders-InterStudy and Fingertip Formulary find that surveyed pharmacy directors whose managed care organizations offer both a Medicare Advantage and a Part D plan were more than twice as likely to cover Roche/Genentech/Chugai's Avastin and Herceptin for the treatment of multiple cancer indications as a drug benefit on their MA plans as on their stand-alone Part D plans.

Medicare tax details online
IPSWICH residents are being reminded they can find information about their medical expenses online through Medicare Australia to save paperwork at tax time.

Dr. Quentin Young: Rx on Medicare's Birthday: Expand it to All
Medicare, one of our nation's most cherished social programs, turns 45 on Friday. I was in active medical practice when, on July 30, 1965, Medicare...

Medicare Cut in Dialysis Fees May Slash Amgen Sales of Anemia Drug Epogen
Use of Amgen Inc.s Epogen, the worlds top-selling anemia drug, is likely to fall under rules imposed on kidney dialysis centers by Medicare , the U.S. health program for the elderly and disabled.

Oxford Life Insurance releases new Medicare Supplement product portfolio
Oxford Life Insurance Company today announced the release of its new Medicare Supplement product portfolio. The Phoenix-based life insurance company has plans to market Plans A, C or F, and N in more than 35 states.

Medicare anti-fraud effort leads to record arrests
More than 90 people, including physicians, are charged with fraudulent activity involving more than $251 million in false claims to Medicare.

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