What An Individual Needs To Know About AARP Medicare Supplements

AARP Medicare supplement plans are insurance plans that are designed to pay for the services that are not fully covered by Medicare.  They fill the gap and are sometimes referred to as Medigap plans.  These plans are an important consideration when looking at your healthcare planning beyond age 65.  Read on for additional information about AARP Medicare Supplements.

• AARP Medicare supplement plans are underwritten by United Health Care. 


• All Medicare supplement plans of the same class offer the same coverage - Medicare supplements are federally mandated and must offer the same coverage no matter who the provider or underwriter is.  There are ten standard plans and are represented by letters of the alphabet.  If you have a Plan C with one carrier then it will have the same coverage as a Plan C with another carrier.  The only thing that varies is the pricing.


• All Medicare supplements plans pay basic benefits that are outlined in the policies -  Some of these include co-pays on hospitalization expenses; Part A co-payments beyond the 90th day of the benefit period and 60 additional days of reserve day benefits, pay the cost of the first three pints of blood that are not covered under your Medicare part A and B and pay your portion of your 20 percent of Part B coinsurance and more.
  
  
  
  
  
  


• AARP Medicare supplement plans are safe and stable - AARP and United Health Care are both names that you can trust.  They are not fly by night companies that are going to take your money and be gone when you try to use your policy.  Pricing on your policy is locked in and will not change based on your physical condition.


• AARP offers you the advantage of group buying power - AARP offers a discount on their Medicare supplemental insurance to their members.  This is due to the savings that they are able to achieve by buying in such large numbers.  This is savings that they pass on to you.
  


• Not everyone needs an AARP Medicare supplement plan - If you have other types of insurance including employer-based coverage, military benefits, or even Medicaid that you will continue to keep through your retirement, you may not have the gaps in coverage that are experienced by some.  If this is the case you will not need a supplemental plan in addition to what you already have.


• You do not need a AARP Medicare supplement plan if you enroll in a Medicare Advantage plan - Due to the way that the Medicare Advantage plans are structured you will not experience gaps in your coverage that supplemental insurance is designed to pay.