Learn about AARP supplemental insurance and how it can help fill the gaps in Medicare coverage. Explore what it covers, how to enroll, and whether it’s right for you. As we age, our healthcare needs often become more complex and expensive. Original Medicare, the federal health insurance program for people aged 65 and older, covers many healthcare services, but there are gaps in coverage that can leave beneficiaries with high out-of-pocket costs. That’s where AARP supplemental insurance comes in.
In this article, we will explore what AARP supplemental insurance is, what it covers, and how to enroll.
What is AARP Supplemental Insurance?
AARP supplemental insurance, also known as Medigap, is private health insurance that helps fill the gaps in coverage left by Original Medicare. AARP is a nonprofit organization that advocates for the interests of people aged 50 and older. AARP partners with UnitedHealthcare to offer a range of Medigap plans to its members.
What Does AARP Supplemental Insurance Cover?
AARP supplemental insurance plans vary in their coverage levels, but they generally cover some or all of the following:
- Deductibles, coinsurance, and copayments for Medicare Part A and Part B
- Medicare Part A and B excess charges
- Skilled nursing facility care coinsurance
- Foreign travel emergency coverage
- Blood transfusions
- Hospice care coinsurance
AARP supplemental insurance does not cover everything, however. It does not cover long-term care, dental care, vision care, or hearing aids, among other things.
How Do I Enroll in AARP Supplemental Insurance?
To enroll in AARP supplemental insurance, you must first be enrolled in Original Medicare (Part A and Part B). You can then enroll in a Medigap plan during the Medigap Open Enrollment Period, which begins on the first day of the month in which you turn 65 and are enrolled in Medicare Part B. During this period, you have the guaranteed right to enroll in any Medigap plan offered in your state, regardless of your health status or pre-existing conditions.
You can also enroll in AARP supplemental insurance outside of the Medigap Open Enrollment Period, but you may be subject to medical underwriting, which means that the insurance company can take your health status into account when setting your premiums or deciding whether to accept your application.
AARP supplemental insurance can be a valuable tool for older adults who are enrolled in Original Medicare and want to reduce their out-of-pocket healthcare costs. AARP offers a range of Medigap plans that vary in their coverage levels and premiums. It is important to carefully consider your healthcare needs and budget when choosing a plan. With the right supplemental insurance plan, you can have peace of mind knowing that you are covered for the healthcare services you need.
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