Plan N Medicare supplement Insurance is also known as Medicare Part D. This is not to be confused with Medicare Part A or Part B. If you are currently receiving Medicare Parts A, B, C, D, and E then you will not be eligible for the plan.
It is a supplemental insurance plan that covers part of the Medicare Parts A, B, C, D, and F services. Although most doctors’ offices will provide this type of coverage, not all can.
Most people receive this type of coverage in order to help them pay for their prescription drug costs, because Part D is not really a medication plan at all. This insurance pays a percentage of what you are using from your Part A and Part B plans for prescriptions. They do not pay anything out of pocket for your drugs, nor do they pay for anything in advance for prescriptions. In order to qualify for Medicare supplement insurance, you will need to meet certain criteria. These are listed below.
You will have to be covered under Medicare Parts A, B, C, D, and F services. You will need to show proof of current income, such as Social Security or other income records. You will need to be at least 62 years old and have a Social Security number. You will also need to show proof of your current health condition, such as Medicare Part B or Part D.
You will have to be unable to pay the full premium on a Medicare Part B plan. You will also have to show proof that you are employed, have income, and have health insurance. There are specific situations that will make you eligible for Medicare supplement insurance, but they are very limited. If you cannot prove these conditions, then you will not be able to receive this type of insurance. Also, it is important to note that your doctor must agree to accept this type of coverage if you go through them for prescriptions, as some doctors will not.
Make sure you take the time to get the details on this type of insurance, before you begin looking for the best plan for your needs. With the changes in the law, you will not qualify for the Medicare supplement insurance plan if you change doctors.
If you want to get more information about the Medicare supplement insurance plan, you can call your local Medicare office. The Medicare Supplement Insurance company will be happy to answer any questions you have about the policy, so that you can decide if it is right for your needs. For more information about this type of coverage, you can also visit their website, or talk with a Medicare representative. You will be able to find many different insurance options for your coverage, so that you can determine what will best suit your needs.
The Medicare supplement insurance plan is an important part of your Medicare plan and should not be overlooked. If you do not get coverage, you may be able to purchase supplemental insurance to meet the gap between your current benefits and the new premium payments. Make sure you understand how your new plan will work for you, before you start looking for the best plan.