Plan A is the most basic of all Medicare Supplement (Medigap) options available to Medicare beneficiaries. Plan A covers the least amount of benefits of all Medigap options. It does cover some of the costs associated with Original Medicare. Plan A also leaves coverage gaps.
How Medicare Supplement Plan A Works
Many states offer Medicare Supplement plans for Medicare beneficiaries under the age of 65. In those states, not all plan letters are available. Plan A is one of the required plans in those states for beneficiaries under the age of 65.
You’ll notice the premiums of many of the states that offer Medigap plans for people under the age of 65 are significantly higher. In a few states, the premium is the same as someone turning 65 years old. However, it’s more common to see the premium double or triple the cost compared to a beneficiary that’s 65 or older.
The main reason for the higher costs is beneficiaries on Medicare due to disability will usually have higher medical costs.
The good news is there’s a less expensive option. Many beneficiaries that go on Medicare early due to a disability choose a Medicare Advantage plan. Upon their 65th birthday, they re-evaluate their situation during their second Medigap Open Enrollment Period upon turning 65.
Medicare Advantage plans are the same price and benefit level regardless of age, gender, or other factors that cause the Medigap prices to vary. These will give an affordable option that will protect you from the unpredictable costs associated with having Original Medicare only.
Are Medigap Plan A and Part A the same thing?
Commonly, people confuse Medigap plans letters with Parts of Medicare letters. It’s a bit of an alphabet soup. Part A is your hospital coverage with Original Medicare. Plan A is a Medigap plan to help fill the holes in Original Medicare.
What does Medigap Plan A cover?
Plan A covers some of the most significant costs associated with Original Medicare. It cover’s your Part A and Part B coinsurance, Hospice co-pay, and preventative care.
While this doesn’t sound like a lot, it does help ensure you do not have uncapped medical bills as the Part B coinsurance does not have a cap.
What is not covered by Medicare Supplement Plan A?
Plan A doesn’t cover the Part A and Part B deductibles, excess charges, skilled nursing coinsurance or co-pay, or foreign travel.
How much does Medigap Plan A cost?
Plan A will range between $110 and $130 for most beneficiaries. A few factors will dictate the actual cost as age, gender, smoking, and location.
Who chooses Medicare Supplement Plan A?
Plan A is best for beneficiaries that are not worried about the Medicare deductibles, excess charges, skilled nursing coinsurance, and do not travel outside of the United States.
How to Get Help Comparing Medigap Plan A Rates
We can help explain all the details and costs associated with Medicare Supplement plans. No matter how old you are, we can help. We can assist with the pricing and enrollment of Medigap plans for you.
If you determine that Medicare Advantage is the right path for you, we can assist with coverage available in your area. No matter the need, we can help. Give us a call or fill out our online rate form, and one of your licensed representatives will assist you.