Texas Medicare Supplements

Texas Medicare Supplement Insurance (often called Medigap) allows you to protect yourself from the “gaps” in traditional Medicare coverage.

Why You Need Texas Medicare Supplement Insurance

Medicare Part A and Part B were designed to help beneficiaries with their health care needs once they entered retirement. What many people do not realize is that neither of these two parts of Medicare covers all of your health expenses. Medicare Part A has a deductible of $1,316 and each of the services that it covers have either a copayment or coinsurance. The coinsurance costs are ongoing so there is no cap on these expenses to you. Medicare Part B has an annual deductible of $183 and coinsurance of 20%, as well as possible extra charges depending on your state.

This means that, with Medicare alone, you will have to pay copays, coinsurance and deductibles every time you visit the doctor. While this may not sound like much, the 20% coinsurance for every hospital visit will stack up very quickly. There is no cap on what you might pay out-of-pocket.

In the case of a major medical event, you could owe tens of thousands of dollars in medical expenses if you don’t have a Medicare supplement plan to help cover those costs for you.

Differences for Each of the Texas Medicare Supplement Plans

There are ten different types of Texas Medicare Supplement plans. These plans are regulated and standardized by the Federal Government. Each plan is designated with a single letter. The letters used to go in order, but as the plans have been changed by the government, new letters were added to the end. For example, there is no Plan E or Plan I, but there is a Plan N.

Don’t let this confuse you. All you need to know about each of the plans is that they have varying degrees to which they cover the gaps in your Medicare coverage. Plan F is the most comprehensive, while Plan A covers the least.

One nice feature of Texas Medicare Supplement plans is that each plan is the same no matter which company you choose. So, if you are comparing Plan G from Blue Cross Blue Shield and Plan G from Mutual of Omaha, you are looking at the exact same coverage. This allows you to shop for price with confidence.

Medicare Part A and Part B were designed to help beneficiaries with their health care needs once they entered retirement. What many people do not realize is that neither of these two parts of Medicare covers all of your health expenses. Medicare Part A has a deductible of $1,316 and each of the services that it covers have either a copayment or coinsurance.

Texas Medicare Supplement Insurance Rates

The rates for any Texas Medicare Supplement Insurance plan can vary greatly between different carriers for the same individual. In fact, the price for a Medicare Supplement can vary greatly for the same carrier between different locations. These rates are determined by age, location, gender and health status. Because of this, it is virtually impossible to give a blanket price for all Texas Medicare Supplement Insurance. For example, if you are shopping for a Plan F in Dallas, Texas, then you look at the rates for a Plan F in Houston, Texas, your rates may be significantly different.

The only way to know what your exact monthly rates will be is for you to get a customized Medicare Supplement quote. Your rates can be customized to your needs to either try to meet a monthly budget or to ensure that you will never have to pay any more out-of-pocket than your monthly premiums. Either way, one of our independent agents can help you customize a plan to help you make the best decision for your needs.

Texas Medicare Supplement Quotes

The typical quote will include a variety of different plans from a group of the best-priced carriers for your area. This is the biggest reason you want to work with an independent agent. Instead of getting pushed toward a single company, an independent agent will search the rates for all the companies in your area and allow you to select the company that works best for you. So, if Mutual of Omaha is cheaper than Blue Cross Blue Shield, then you can rest assured that you will get both of those quotes and know that you are getting the best deal.

You can get more information on each of the ten plans for Texas Medicare Supplements here:

View My Texas Medicare Supplement Rates

The rates for any Texas Medicare Supplement Insurance Plan can vary greatly between different carriers for the same individual. In fact, the price for a Medicare Supplement can vary greatly for the same carrier between locations. These rates are determined by age, location, gender and health status. Because of this, it is virtually impossible to give a blanket price for all Texas Medicare Supplement Insurance. For example, if you are shopping for a Plan F in Dallas, then you look at the rates in Houston, your rates may be significantly different. The only way to know what your exact monthly rates will be is for you to get a customized Medicare Supplement quote. Your rates can be customized to your needs to either try to meet your monthly budget (with a lower monthly rate), or to ensure that you will not have to pay any more out of pocket than your monthly premiums (with a more expensive monthly rate).

Compare Your Medicare Supplement Rates Immediately!