Senior Plans

Medicare is the federal government health insurance plan that provides hospital, medical, and surgical benefits for people age 65 and older and people with certain disabilities. This plan alone may not be sufficient to cover all of your health care costs, so you may be able to buy additional health care coverage through a private Supplement or a Senior plan.  A Senior plan is a health insurance policy sold by private insurance companies to fill the “gaps” in the original Medicare Plan by helping you pay health care costs that the Original Medicare plan (not to be confused with the Medicare Advantage Plans) doesn’t cover. For more information on Medicare Supplements, visit www.the-policy-store.com.

If you are in the Original Medicare Plan and have a Senior policy, then Medicare and your new policy will each pay a share of your health care costs. If you are interested in purchasing a Senior Plan, you must contact an insurance company directly.
There are currently 12 different plans available, Plans A through L. Each plan has a different set of benefits. The premium varies based on plan design and company selected. All contributions and other costs for the coverage you select are your responsibility.

Medicare Supplement policies are not meant to cover the out-of-pocket costs in Medicare Advantage (MA) plans, such as Health Maintenance Organizations (HMOs) and Private-Fee-for-Service (PFFS) plans. Medicare SELECT plans may be offered by health insurance companies in addition to standard Senior Supplement plans. SELECT plans are a combination of a standard Senior plan and a Preferred Provider Organization (PPO) plan.

Medicare SELECT plans will cover the benefits provided in Senior plans A through J, so long as you see an in-network provider. Some SELECT policies may require you to pay a small co-payment when you visit a physician If you have Medicare before the age 65, because of a disability, you may be able to purchase a Senior plan.

Federal law does not require the sale of Senior plans to those under 65; however, some states have laws requiring Medicare insurance companies to offer Supplement policies to those who qualify for this because they have a disability.

When shopping senior plans, research what all is available to you and know exactly what you are needing.  Medicare Supplemental Insurance details can be very trying and overwhelming.  Stay focused and talk to a Medicare Specialist for further guidence and direction.