The Arizona Department of Insurance is charged with managing Medicare Supplement Insurance, or “Medigap,” in the state. Every Medigap insurance provider in Arizona offers the exact same plans with identical benefits. However, it is essential to shop around because the prices of policies vary. Fill out the zip code form to compare policies and rates instantly.
Different insurance companies calculate premiums based on a number of factors. Some companies will only consider one or two factors while others take into account several details. Some of these factors may include:
It’s important to consider ways to save money that will not negatively impact coverage. Here are a few easy ways to save money on Medigap plans:
Medigap Plan F features a high deductible option which can significantly decrease monthly premiums. However, this choice should be considered carefully. If a person has a medical condition that requires frequent lab work and visits to the doctor, Plan F might not be the best choice. Remember that the deductible must be met before many Medigap benefits “kick in.” Lower monthly premiums aren’t a good trade for a high out-of-pocket deductible. To compare plans and deductibles, fill out the zip code form and compare rates instantly.
Some insurance providers offer a “Select” option which provides the exact same benefits, but only at approved facilities. This is similar to a preferred provider network (PPO) where lower premiums are available in exchange for only seeing doctors within a prescribed network. Beneficiaries who need, or prefer, to see certain doctors or specialists who are not in the network will not benefit from this option.
There are 10 Medigap Plans available in Arizona. Keep in mind Medigap has Plans while Medicare has Parts. Applicants must already have both Medicare Parts A and B in order to apply for any of the 10 Medigap Plans. Medigap is meant to supplement or “fill in the gaps” of Medicare and not serve as stand-alone insurance. Fill out the zip code form to view rates and availabilities of plans in your area.
Every Medigap Plan includes some coverage of “basic benefits.” Basic benefits are comprised of hospitalization, medical expenses of hospital outpatient services, hospice care, and the first three pints of blood per year. Each Medigap insurance plan A-N offer the exact same coverage (per specified plan), yet insurance providers are able to set their own premiums and rates. Be sure to shop around and make sure you are getting the best price for your plan. Fill out the zip code form to compare rates instantly.