The upcoming changes in the Medicare program will impact both Medicare Supplement Plans (MSP) and Medicare Parts A and B. You may be entitled to a supplemental health insurance premium payment, if you’re currently enrolled in a Medicare Advantage Plan or Medicare Part B if you’re retired. The Health Insurance Portability and Accountability Act (HIPAA), passed in 1996 requires private, nonprofit providers to remove identifying information from your records as long as you’ve been continuously covered by the same plan. It also makes it illegal for an insurance company to knowingly disclose private health information (PHI) to unauthorized persons without legal authorization.
In order to remain in good standing with Medicare and get access to your MSP payments, your provider must inform Medicare of any new offers of additional insurance coverage they make to seniors. It’s not legal for a doctor to ask you to participate in any health care services that you would not have signed up for on your own. In addition, it’s against the law for Medicare insurance companies to make a Medicare Supplement Plan offer contingent upon participation in a Medicare Part B Prescription Drug plan.Medicare Supplement Plans offers a variety of insurance options for seniors and family members. The various plans are each designed to meet different needs and circumstances. These plans provide a variety of benefits and services to seniors, such as pharmacy discounts, medical care assistance, free hospital and physician services, transportation assistance, and financing costs for dental and vision care.
As you may already know, when you retire, you no longer need to pay full Medicare rates but you do need to pay supplemental Medicare rates if you were enrolled in a Medicare Advantage Plan or Medicare Part B Prescription Drug plan. Your provider is required to send you a Medicare Supplement Plan application so that you can apply for Medicare Supplement Plans based on your current level of coverage and needs.However, as part of the transition between Medicare Advantage Plan and Medicare Part B Prescription Drug coverage, plans such as the Medicare Supplemental Plan are not allowed to change. You can always switch Medicare Advantage Plans in the future.
What most people don’t realize is that there is also Medicare Supplement Plans that doesn’t need a referral from your doctor. There are also private companies that specialize in helping seniors and other individuals with their needs for supplemental coverage.Individuals with non-medical or non-prescription supplemental coverage are not covered by federal law, but many state insurance laws require insurers to provide this type of coverage. Many times, these companies will offer supplemental coverage for health care services.
Under Federal Health Insurance Policies (FIP), individuals who are either self-employed or do not have a job and are older than 65 can apply for a supplement insurance premium payment. FIP was enacted in 1975 to protect Americans from cost-shifting in health insurance premiums.Unemployed, retired, and other young adults who are uninsured are offered coverage by their parents. If you’re the parent of a dependent’s spouse, you can apply for a Medicare Supplement Plan directly from Medicare’s site or by contacting a Medicare certified counselor. Do you need to compare Medicare supplement plans 2021? Click here https://www.medisupps.com/medicare-supplement-plans-2021/
If you’re currently on a health insurance policy and would like to know more about how to apply for Medicare Supplement Plans, there are various ways you can do this. You can ask a Medicare counselor at your local office or call the National Association of Insurance Agents (NAIA) to find out more about Medicare Supplement Plans and what you can do to help secure you a Medicare Supplement Plan through your state insurance department. There are websites that you can fill out an online application form with a selection of questions. Depending on what your particular situation is, you may be able to apply for an application to help your health insurance company by letting them know how much of a risk you are for them.