Medicare Supplement Insurance for Those Under 65 in Florida
This article was updated on: 09/16/2018
Are you under 65 with a disability and looking for help with Original Medicare out-of-pocket costs? A Medicare Supplement (also known as Medigap) plan might help with some of these costs, like copayments and deductibles. Some Medicare Supplement plans might offer limited overseas emergency health coverage.
Medicare Supplement plans for people who are eligible for Medicare under age 65 may be limited, depending on the state you live in. Here’s how it works in Florida if you’re a younger Medicare beneficiary.
Can disabled people in Florida under 65 buy Medicare Supplement plans?
As you may know, some people may qualify for Medicare before 65 due to disability or having certain health conditions. Once you’re enrolled in Medicare, you might have the option of buying Medicare Supplement coverage to “fill the gaps” in certain Medicare out-of-pocket costs.
Federal law doesn’t require insurance companies to sell Medicare Supplement plans to beneficiaries under age 65. However, Florida is one of the states that offer Medicare Supplement plans for people under 65 and disabled. This means that you may be eligible for Medicare Supplement coverage if you’re under 65 and qualify for Medicare because of disability or end-stage renal disease (ESRD).
When to enroll in Medicare Supplement plans for disabled beneficiaries under 65
Florida may offer guaranteed-issue rights for qualified people under 65 who apply for Medicare Supplement plans. Say you’re under 65 and have Medicare because of disability or end-stage renal disease. Your Medicare Supplement Open Enrollment Period typically starts once you’re enrolled in Medicare Part B and lasts six months. During this period, you may have a guaranteed-issue right to purchase a Medicare Supplement plan. This means you can’t be denied coverage because of your health status. After this Open Enrollment Period is over, companies can use medical underwriting and aren’t required to issue Medicare Supplement plans for disabled, under 65 beneficiaries.
However, Medicare Supplement plan premiums may cost more if you’re under 65. Insurance companies are generally allowed to charge more for Medicare Supplement plans for those under 65 and disabled.
You’ll generally get another Medicare Supplement Open Enrollment Period that lasts six months when you turn 65. During this time, you may be eligible for a lower premium with the same insurance company, or you can switch plans with guaranteed issue.
Once you’re 65 or older, you may also have a two-month Medicare Supplement Open Enrollment Period that starts once your employer-based health coverage ends.
Types of Medicare Supplement plans in Florida
Most states, including Florida, offer up to 10 standardized Medicare Supplement plans, labeled A through N. Each plan type offers the same benefits across each letter type, regardless of where you bought it.
Private insurance companies in Florida must offer the same Medicare Supplement plans for beneficiaries under 65 as they do for Florida residents over 65. Benefits vary across each plan, with Plan A offering the most basic coverage and Plan F offering the most comprehensive benefits. For more information on specific benefits, check out this chart.
If you’re disabled and qualify for Medicare, you might want to look at Medicare Supplement plans in Florida. Keep in mind that private insurance companies may not offer every plan type, and costs may vary.
Finding Medicare Supplement plans when you’re under 65 in Florida
If you’re looking for Medicare Supplement plans, you might have a few options. You can contact a private insurance company directly, or you can visit Medicare.gov for information.
Using a licensed insurance broker can also be a resource for finding Medicare Supplement plans for disabled beneficiaries under 65. Remember, since benefits are standardized across each letter type, cost is the main difference between plans. A licensed insurance agent may be able to help you navigate plan options that may fit your situation.
If you’d like help researching Medicare Supplement plans for beneficiaries under 65 and disabled, that’s what I’m here for. Set up a time to discuss your Medicare needs by phone, or request an email from me with personalized plan information; the links for both options are below. If you’d prefer to browse on your own time, click the Compare Plans button to get started.
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