ObamaCare, also known as the Affordable Care Act, has a provision that disallows preexisting conditions to be a factor in any new health plan. But how does this affect Medicare Supplemental insurance? We’ve got answers for you.
Medigap and Preexisting Conditions
If you enroll during the open enrollment period seniors do not have to worry about preexisting conditions. However, after this time, Medigap plans are not subject to the new ACA law that requires insurance companies to enroll persons regardless of preexisting conditions. This new law applies to the new Affordable Care Act plans: Bronze, Silver, Gold, and Platinum and off-Exchange plans.
What Medigap Covers
Medigap fills in the gaps that Original Medicare leaves open to the tune of $1 Mil a year. That is not a typo, my friends. Medigap Plan F can save seniors $1 Mil in a year. Medigap covers things like Medicare Part A’s and B’s deductibles, coinsurance, and excess charges, as well as adding extras like foreign emergency care and gym memberships.
So basically make sure you sign up in the initial 6 month period that begins the first day of the month you turn 65. To sign up for a Medigap plan or if you have any further questions call 800-930-7956 or contact Senior65.