Medicare supplement plans in Georgia are enormously popular. Medicare plans in Georgia follow the same model as most other states. There are 10 standardized Georgia Medicare supplement options to choose from, each with a different letter.
Georgia Medicare supplements are also sometimes referred to as Georgia Medigap plans. Rates for Medicare supplement plans in Georgia can vary from one insurance company to the next. For this reason, it is in your best interest to shop the various carriers for a competitive rate.
You are eligible to sign up for a Medicare supplement in Georgia as soon as you are eligible for Medicare.
Medicare Eligibility Georgia
You are eligible for Medicare when you turn 65 in Georgia or any other state. Regardless of when you take your Social Security income benefits, you can enroll in Medicare at 65.
Your initial enrollment window begins 3 months before you turn 65, and this is when most people apply for Medicare Parts A and B if they have no other coverage. Once you receive your Medicare card with your Part A and B effective dates, it’s time to choose your Medicare supplemental coverage.
What Does a Georgia Medicare Supplement Cover?
Medicare supplements in Georgia fill in the gaps left in your original Medicare. For instance, Medicare Part B only covers 80% of your outpatient costs. That means you would be responsible for 20% of treatments like surgery, chemotherapy, and even dialysis. It can add up to a lot of money that you might be expected to pay.
Fortunately, with a Georgia Medigap plan, that 20% is covered for you. Different Medicare supplements cover different parts of the gaps in Medicare. However, a Georgia Medicare supplement Plan F will cover all of your Medicare-related deductibles, coinsurance, and copays. This makes Plan F a popular choice.
However, if you don’t turn 65 until after 2020 begins, then you won’t have Plan F available to you. The good news is you have other popular plans to choose from. In recent years, Plan G and Plan N have also grown in popularity. On these plans, you can get a lower premium if you do a bit of cost-sharing on your end.
Keep in mind that your Medicare eligibility in Georgia will also kick off your Medicare supplement open enrollment. You’ll have six months from your Part B effective date to enroll in a Medicare supplement with no health questions asked. If you miss this time, then you will likely have to answer health questions on your Medigap plan application.
Georgia Medicare Supplemental Plans – Types
Many Medicare supplement insurance carriers in Georgia offer issue-age policies. When you buy your policy, you are locked in at the age that you buy it. You won’t have to worry about birthday rate increases just because you are getting older.
This is not to say that there will never be increases. All Medicare supplement plans in Georgia generally have rate increases each year due to inflation. However, with issue-age carriers, you will pay less if you bought the policy at 65 than if you bought the policy at 66 or 67.
Some carriers also offer attained-age Medicare supplement policies in Georgia. Attained-age policies can increase due to both your birthday and inflation. Our agency will run quotes will all carriers to see which ones offer you the most cost-effective plan.
If you are new to Medicare in Georgia, this can be overwhelming at first. It’s our job here at Boomer Benefits to help make Medicare simple to understand for you. Our agents can walk you through your choices step by step until we determine what feels best for you.
Not everyone can afford a Medigap plan, so let’s talk briefly about Medicare Advantage Plans in Georgia. This is a lower-cost alternative with some different rules of operation.
Medicare Advantage Plans in Georgia
There are dozens of Medicare Advantage plans in Georgia to choose from. Medicare Advantage plans are private Medicare plans where you agree to use the plan’s network for your care. Typically, the networks are in a few counties local to you.
Medicare Advantage plans in Georgia come in several different formats. The two most popular types are Medicare HMO and Medicare PPO plans. With an HMO plan, you will usually choose a primary care doctor. That doctor will coordinate your care and issue a referral if you need to see a specialist. You must use the plan’s network except in emergencies.
With Medicare PPO plans, you have a bit more freedom. You can generally see any doctor on the network without a referral, although you should always check your plan’s rule before doing so. You also can see out-of-network doctors who agree to treat you, but your costs will be higher.
Many Medicare Advantage plans in Georgia include a Part D drug plan. This means you’ll have just one insurance card that you can use at both doctor and pharmacy. Be sure to check the plan’s formulary before you join to make sure that it includes your medications.
While Medicare Advantage plans have lower premiums than Medigap plans, you will have copays on the back end of the policy. Consider how much you will spend in copays and compare that against the cost of a Medigap plan to see which is right for you.
Common Questions About Georgia Medicare:
These are some of the common questions our team gets about Medicare in Georgia.
To apply for Medicare Part A and Part B, you need to apply through the SSA. You can do so online, in person, or by mail. To apply for a Medigap plan, a Medicare Advantage plan, or Part D plan, you need to do so through a Medicare broker, such as Boomer Benefits.
The easiest way to compare insurance carriers in Georgia for your Medicare Supplement plan is to contact a broker who represents carriers in your area and have them run the quotes for you. This way you can get several quotes at one time rather than calling each carrier yourself.
It depends. If you enroll in a Medigap plan, yes, you will need a Part D plan to cover your prescription drugs and avoid late penalties. However, if you enroll in a Medicare Advantage plan, you likely won’t need a Part D plan as most Medicare Advantage plans include a Part D plan.
Quotes for Georgia Medicare Supplements
Shopping for your Medicare Supplement in Georgia is a breeze with the help of our agency. We can provide quotes for numerous different insurance companies in your area. In addition, in the future, when rate increases happen, we can assist you with shopping other carriers for rate savings too.
To get help today, call our toll-free number at 1-855-732-9055 or request help below.