Medicare Supplement insurance, also known as Medigap, is designed to fill the "gaps" in Original Medicare. For Arkansas seniors, choosing the right Medigap plan provides peace of mind and predictable out-of-pocket costs.
What is a Medicare Supplement Plan?
Medigap policies are sold by private companies and help pay some of the healthcare costs that Original Medicare doesn't cover, like copayments, coinsurance, and deductibles.
Important Reminder
You must have Medicare Part A and Part B to buy a Medigap policy.
Do Medigap Plans Vary by Company?
No, the benefits of each lettered plan (like Plan G or Plan N) are standardized by the federal government. A Plan G from one company offers the exact same medical benefits as a Plan G from another company. The only difference is the premium cost and the company's customer service.
"The most favorable time to buy a Medigap policy is during your 6-month Medigap Open Enrollment Period when you have guaranteed issue rights."
When is the Most Favorable Time to Buy?
The most favorable time to buy a Medigap policy in Arkansas is during your 6-month Medigap Open Enrollment Period. This period automatically starts the month you turn 65 and are enrolled in Medicare Part B. During this time, medical underwriting restrictions generally do not apply, and you have a guaranteed right to buy any Medigap policy sold in your state, regardless of any pre-existing health conditions.
