Senior Health plans refer to health insurance that is available to Medicare customers in the United States. Medicare is for folks that are 65 and older and senior health plans are sometimes referred to as Medigap plans because they cover the “gaps” in Medicare. In order to qualify for this insurance your must be enrolled in Medicare and be over 65. You may not combine a senior health plan with another health plan such as Medicare Advantage plan.
Medicare is a senior health plan that is sponsored by the Federal Government. Medigap insurance is sold by private insurance companies but regulated and standardized by the government. All senior health plans are regulated as to policy standards, basic benefits and basic coverage. There are 11 senior health plans offered for 2011. They are: A,B,C,D,F,G,K,L,M,and N. Some carriers offer a high deductible Plan F.
You should enroll in a senior health plan the first day of the month you turn 65. The open enrollment period will last for six months. During your initial open enrollment period you may not be declined for coverage or have pre existing conditions not covered. After the first 6 months, if you decide to go with a different senior health plan, you may be subject to underwriting. Don’t get caught without a senior health plan to protect you. The right affordable plan will make sure you don’t get caught with unexpected medical bills.
This year, open enrollment ends on December 31, 2010 for those that are already enrolled in a senior health plan but want to change to another plan.