Medicare Supplement Plans in Vermont
This article was updated on: 11/01/2018
Medicare Supplement (Medigap) plans in Vermont may cover some of your Original Medicare (Part A and Part B) out-of-pocket costs. Some people like the “portability” of these plans, because you don’t have to get medical care close to home – in most cases, Medicare Supplement plans in Vermont cover your Medicare out-of-pocket costs anywhere in the country.
How do Medicare Supplement plans in Vermont work?
Medicare Supplement plans in Vermont (as in other states) are formalized into 10 different plans, each named with a letter. Each plan name represents a certain set of basic benefits. For example, Medicare Supplement Plan G has the same basic benefits whether you buy it in Montpelier, Barre, Burlington, or even out of state. Some plans may include extra benefits as well.
Why would I want to buy a Medicare Supplement plan in Vermont?
Some people may buy Medicare Supplement plans because these plans generally let you keep your favorite doctors. Most Medicare Supplement plans in Vermont (and nationwide) let you see any doctor that accepts Medicare assignment. By contrast, many Medicare Advantage plans require you to use doctors in the plan network.
When you have a Medicare Supplement plan in Vermont, and you decide to spend a couple winter months in Florida (for example), you don’t have to worry about your Medicare coverage. If you go to a doctor anywhere in the United States, you’re generally covered if the doctor accepts Medicare assignment. Your Medicare Supplement plan typically still pays your Medicare Part A and Part B out-of-pocket costs the same way it would if you were at home.
Some Medicare Supplement plans in Vermont (and other states) may even cover emergency medical care when you’re out of the country. Certain plans generally cover up to 80% of approved costs, up to plan limits.
You may want to check out this Medicare Supplement comparison chart to see a list of plan names and basic benefits.
Can I buy a Medicare Supplement plan in Vermont if I’m under 65?
Federal law doesn’t require states to make Medicare Supplement plans in Vermont (or any state) available to anyone under age 65. But in Vermont, if you qualify for Medicare before you turn 65 (by disability), you may be able to buy a Medicare Supplement plan, according to the Vermont Department of Financial Regulation. Rates might be higher when you’re under 65 than for people who qualify for Medicare at age 65.
When can I buy a Medicare Supplement plan in Vermont?
Usually the best time to buy a Medicare Supplement plan in Vermont is while you’re in your Medicare Supplement Open Enrollment Period (OEP). Your six-month OEP starts the first month when both of these are true:
- You’re 65 or older
- You’re enrolled in Medicare Part B
Why might this be the best time to buy a Medicare Supplement plan in Vermont? That’s because during this six-month period, an insurance company can’t reject your application or charge you a higher premium if you have a health condition.
What if your OEP is over and you still want a Medicare Supplement plan? You can certainly apply, but there’s no guarantee your application will be accepted. Also, the insurance company can charge you more if you have a health condition.
To instantly start comparing Medicare Supplement plans in Vermont, click the Find Plans button on this page. You can also follow the links below to arrange a phone call with me or have me email you customized information.
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