As you might know Medicare is available to you when you turn 65 and they will cover 80% of your hospital and doctor bills. Leaving the 20% for you to cover. you can pay this 20% out of your pocket or you can get a Medigap plan also known as a Medicare Supplement plan. For a monthly permuim they will cover copayments co-insurance and deductibles. there are 10 standardized plans to chose from.
What is a Medicare Supplement plan?
Original Medicare (Part A and Part B) covers many health-care expenses, but there are still some out-of-pocket costs you may have to pay. Deductibles, coinsurance, and copayments are some of these costs. Wyoming beneficiaries relying on Original Medicare for all of their healthcare coverage may find themselves paying significant out-of-pocket expenses before the year is over.
Medicare Supplement plans (also called Medigap) plans in Wyoming (as in other states) can help with these out-of-pocket costs. Wyoming is one of the 47 states that have 10 standardized Medigap plans available in the state. However, not every Medigap plan is available throughout Wyoming.
Medicare Supplement plans are named with letter designations, such as Medigap Plan N. While the various Medigap plan types cover different amounts of Original Medicare out-of-pocket costs, plans named with the same letter include the same coverage no matter where you buy them. For example, Medigap Plan N covers your Medicare Part A copayment for hospice care, while Medigap Plan K covers half of that copayment. But each Medigap Plan N has the same benefits as a Medigap Plan N you buy anywhere else, even in a different state.
Medicare Supplement plans, also referred to as Medigap plans, don't cover prescription medications, but you may have the option in enrolling in a Medicare Part D Prescription Drug Plan to receive this coverage.
Comparing Medicare Supplement plans in Wyoming
When Comparing Medicare Supplement plans in Wyoming, you may want to familiarize yourself with the different plan types available in your part of the state. Since Medigap policies having different names (such as Medigap Plan F versus Medigap Plan K) cover different amounts of Medicare out-of-pocket costs, you may want to consider how often you have doctor visits and other Medicare services before you make your selection. Medigap plan availability and costs will vary.
Incline.Media is owned and operated independently of our users, a make no claim to their viability. When it comes to Medicare Supplements we suggest you contact a licensed medicare supplemental insurance agent in your area or call our friends at 1-800-MEDIGAP .
This Website serves as an invitation for you, the customer, to inquire about further information regarding Medicare Supplement or Medicare insurance, and submission of your contact information constitutes permission for an agent to contact you with further information, including complete details on cost and coverage of this insurance if you desire.
Many of our customers in this category are licensed agents that may call you and are not connected with or endorsed by the U.S. Government or the federal Medicare program. Medicare has neither reviewed nor endorsed the information contained on this website. This is not a complete listing of plans available in your service area. For a complete listing please contact 1-800-MEDICARE or consult www.medicare.gov (TTY users should call 1-877-486-2048), 24 hours a day/7 days a week or consult www. href="http://www.medicare.gov">medicare.gov.