AARP (American Association of Retired Persons) offers Medicare Supplement Insurance, also known as Medigap, to help fill the gaps in coverage left by Original Medicare, which is Medicare Part A and Part B. Medicare Supplement Insurance is sold by private insurance companies and is designed to pay for some of the out-of-pocket costs that Original Medicare does not cover, such as deductibles, copayments, and coinsurance.
AARP is not an insurance company itself, but rather a membership organization that provides access to various products and services for individuals aged 50 and older, including Medicare Supplement Insurance plans. AARP partners with UnitedHealthcare to offer AARP Medicare Supplement Insurance Plans, which are standardized plans identified by letters (e.g., Plan A, Plan B, Plan F, Plan G, etc.) and offer the same basic benefits regardless of the insurance company that sells them. However, premiums, availability, and plan options may vary depending on the state and zip code.
AARP Medicare Supplement Insurance plans typically require individuals to have Original Medicare (Part A and Part B) in order to be eligible. They do not include prescription drug coverage, so individuals may need to enrol in a separate Medicare Part D prescription drug plan if they want coverage for their prescription medications.
It's important to note that Medicare Supplement Insurance plans are regulated by the federal and state governments, and the benefits offered by different plans are standardized, meaning that the same lettered plan offers the same benefits regardless of the insurance company that sells it. However, premiums, customer service, and other features may vary among insurance companies. When considering AARP Medicare Supplement Insurance or any other Medigap plan, it's important to compare plans, coverage, and costs to choose the one that best meets your individual needs and budget. Additionally, enrollment in Medicare Supplement Insurance plans is subject to certain eligibility criteria and may have specific enrollment periods, so it's important to understand the rules and requirements before enrolling. It's recommended to consult with a qualified insurance professional or contact AARP directly for more information about their Medicare Supplement Insurance offerings.
0 Comments