Indiana Medicare Supplement Plans
The Midwestern state Indiana is known for its vast farmland, the Indianapolis 500, and for its 6.6 million people population. Within the total population, 15% are seniors age 65 or older.
Indiana Quick Medicare Facts
- Approximately, 1.1 million residents in Indiana are covered under Medicare (2015, kff.org).
- There are 337,000 beneficiaries enrolled in a Medicare Supplement Plan or “Medigap” policy (2015, AHIP.org).
- The top three popular Medicare Supplement plans in Indiana are Plans F, G, and N. (2015, AHIP.org)
Indiana Medicare Supplement plans cover some of the out-of-pocket expenses that Original Medicare (Parts A and B) do not pay for. In the state of Indiana, there are ten Medigap policies sold by private insurance providers. Each Medigap plan is labeled with a letter from A through N. Medigap plans have the same standardized benefits for each lettered plan. For example, Plan F has the same benefits regardless of insurance provider. The only difference would be the cost of premiums from each provider. Tthe best time to enroll in a Medicare Supplement is during the Medigap Open Enrollment Period. This six-month period begins the month you turn 65 or older and enrolled in Medicare Part B. Enrolling during this time is beneficial because you the right to enroll in a Medicare Supplement regardless of your health status. After this period, private insurers can deny your application for coverage due to a disability or pre-existing condition.