Insurance companies that sell Medicare supplements are required to issue policies to seniors who qualify for Medicare Part B because they have reached age 65, without regard to their current health status. This open enrollment period lasts for at least six months beginning with eligibility for Part B of Medicare. Companies may not refuse to issue a Medicare supplement to you or delay the issue of the policy as it is all based on your medical condition, health status, claims experience or receipt of health care. The company may impose a six-month pre-existing condition clause during the first six months of the policy. If you delay enrollment in Part B of Medicare and are covered by a plan provided by your or your spouses employer, you will have an open enrollment period starting with the month in which you no longer are covered by your employer insurance.

Medicare Savings Program: The Qualified Medicare Beneficiary Program and Spousal Impoverishment Program are available to assist seniors. These are important benefits if you have limited income and assets or if your spouse is in a long-term care facility. Medicare Supplement : an educated consumer and Qualified Medicare Beneficiary Program is designed to provide Medicare premiums, deductibles and coinsurance for seniors with limited incomes. The federal government sets the income level for individuals and couples each year. To find out if your income qualifies, contact the government welfare office in your country. This program will not pay for expenses that Medicare does not allow.

All the plans MUST include the following basic benefits: Hospital coinsurance coverage, 365 days of full hospital coverage, Reimbursement for the 20% of the cost of your medical care that Medicare does not cover. The first 3 pints of blood you need each year. Depending on which Medicare insurance plan you choose, you can get extra coverage for the expenses that Medicare doesn’t cover, such as: Hospital deductible, Skilled nursing facility coinsurance, Emergency care outside the U.S. At home recovery care Part B excess charges, Preventative care, Prescription drug coverage with Medicare Part D.

Under the Spousal Impoverishment Program, when a spouse enters a long-term care facility, there are rules for the division of the couple’s assets. The spouse at home may retain a maximum of half the couple’s resources, not to exceed a maximum set by the federal government. Certain assets are exempt, including the home, household goods and one car.

If you do not have other credible drug coverage and do not enroll in a Medicare Part D plan when you are first eligible, you may be subject to substantial late enrollment penalties. If first 12 months that person decides they no longer want to be in that plan, they may, within withdraw.

During the first 12 months, return to „traditional“ Medicare and a Medicare Supplement policy without prejudice or the application of elimination periods for pre-existing conditions. Health care providers are required to bill Medicare directly for beneficiaries. Amounts billed on Part B of Medicare may not exceed 115 percent of the Medicare allowable amount. The law requires physicians to refund charges over 115 percent within 30 days.

Looking to find the best deal on medicare supplement insurance quote, then visit www.bestmedicaresupplement.com to find the best advice on individual health insurance for you.