Under Age 65 Medicare Disability. Getting The Coverage That You Need.
Being on Medicare if you are under the age of 65 can be a stressful issue to think about. If you have started or are starting Medicare and you are under the age of 65 you have probably gone through a lot of obstacles in regards to applying. Also your health might be a huge concern for you as well. The great news is that there are some nice options for you to cover the gaps that Medicare does not cover.
Medicare Supplement Plans are available for people under the age of 65, however not every company offers these types of plans. Individual insurance companies have the right to offer Under Age Medicare plans or choose not to, also each company that does offer these types of plans has the ability to set the premium rates where they want after being approved by the state that they operate in. We have seen some of these premium rates range 150% to 200% more in premium from one company to the other.
So how do you choose the best option for you? Remember that Medicare Supplement Plans are standardized meaning that no matter how much the plan is, if its the same letter plan (for example a plan F) it will pay identical for each company. When you go into the Doctor’s office and give them your insurance card they will be looking at the type of plan (for example Plan F) not the company. Because all of these companies will pay exactly the same.
The most important thing to remember is that the “Guaranteed Issue” status that you will probably need to be underwritten, is the same as if you were turning 65. That means that you must apply 3 months before, the month of, or 3 months after you start Part B of Medicare. This is a total of 7 months. It is imperative to if at all possible use this time to apply for a plan.
It is important to remember that having a Medicare Supplement Plan like a Plan F will allow you to limit your out of pocket for medical expenses in a dramatic way. Although most people that are on Under Age Medicare Disability are currently on a fixed income and sometimes these plans can be expensive it is imperative to have this type of plan to protect your assets.
If you have questions about Under Age 65 Medicare Disability Plans please feel free to call us, or chat with us online for ways to limit your out of pocket expenses. We are experts in handling these types of situations and have helped many people find a plan that works for them.
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