Can I Buy a Medicare Supplement Plan Through the Affordable Care Act Health Insurance Marketplace?
Are you looking for a Medicare Supplement Plan?
If you have Original Medicare, a Medicare Supplement plan can help fill in some of the gaps of Original Medicare. According to Mediare.gov, "A Medicare Supplement insurance (Medigap or Med Supp) policy helps pay some of the health care costs that Original Medicare doesn't cover, like: Copayments; Coinsurance; Deductibles."1 If you're interested in buying one, you might be wondering where to look.
Are Medicare Supplement Plans Available Through the Health Insurance Marketplace?
No. Medicare Supplement insurance is available only to people on Medicare. The Health Insurance Marketplace, available at HealthCare.gov for most states, helps people who are not on Medicare shop for health insurance. However, according to HealthCare.gov, "Medicare isn't part of the Health Insurance Marketplace," and "the Marketplace doesn't offer Medicare supplement (Medigap) insurance."2
So what are your options when looking for a Medicare Supplement Plan?
Where to Find a Medicare Supplement Plan
Medicare Supplement Plans are offered through private insurance companies. However, despite there being a variety of providers, all plans of the same letter are standardized so benefits remain the same.
You have many different insurance companies to choose from, as well as an assortment of Medicare Supplement plans to best fit your needs. Plus, plans are standardized across companies, so you won't have to worry that a certain plan from one company will provide different benefits than that same plan from another company.
The best place to start your search for a Medicare Supplement plan is online. Research each plan and each company you're interested in to make sure the plan's benefits and the company are the right options for you. Most state Insurance Departments have a consumer Medicare Supplement or Medigap guide online where you can compare plans and premiums. If you have any questions about a Medicare Supplement plan, contact a licensed insurance agent.
Your style is your choice. Shouldn't your doctor and your coverage be, too?
Coverage of your choice with doctors of your choice are included with plans that don't restrict you to networks of specialists.
1 Medicare.gov, What's Medicare Supplement Insurance (Medigap)?, 2019
2 HealthCare.gov, Medicare and the Marketplace, 2019, 2019
The purpose of this communication is the solicitation of insurance. United American Insurance Company is not connected with, endorsed by, or sponsored by the U.S. government, federal Medicare program, Social Security Administration, or the Department of Health and Human Services. Policies and benefits may vary by state and have some limitations and exclusions. Individual Medicare Supplement insurance policy forms MSA10, MSB10, MSC10, MSD10, MSF10, MSHDF10, MSG10, MSHDG, MSK06R, MSL06R, MSN10 and in WI, MC4810 and MC4810HD, MC4810HDG are available from our Company where state-approved. Some states require these plans be available to persons under age 65 eligible for Medicare due to disability or End Stage Renal disease (ESRD). You may be contacted by an agent or producer representing United American Insurance Company, PO Box 8080, McKinney, TX 75070-8080. OUTLINE OF COVERAGE PROVIDED UPON REQUEST.
For Ohio, you may verify the agent/broker and United American Insurance Company by contacting: The Ohio Department of Insurance 50 W. Town Street, Third Floor - Suite 300, Columbus, OH 43215. Consumer Hotline: 1-800-686-1526 or TDD Number: (614) 644-3745. For costs and complete details of coverage call or write your insurance agent or the company (whichever is applicable).