New Mexico Medicare Resource Center
New Mexico Medicare Supplement - Medicare Resource Center
A Medicare supplement is a type of insurance - also known as Medigap insurance - that covers some of the healthcare costs that the original Medicare leaves behind. It can help people fill their coverage gaps. Unlike regular Medicare, it does not require them to pay a huge amount of out-of-pocket expenses.
Since the federal government has standardized the benefits of Medicare supplement plans, they are now uniform across all insurance companies in the country. Before people start looking for a new plan, it is important to familiarize themselves with the pricing methods of the carriers.
Your carrier's pricing method can affect the monthly premium rates of your Medicare supplement plan. It is also important to note that if you have a spouse who needs coverage, then they must purchase a separate policy.
New Mexico Medicare Supplement Enrollment Periods
Medicare Supplement enrollment periods are important for individuals who are enrolled in Medicare and want to add coverage for things that Original Medicare doesn't cover. These enrollment periods are set by the federal government and provide individuals with a specific window of time during which they can sign up for a Medicare Supplement plan.
What is covered by Medicare Supplement Plans in New Mexico?
Medicare Supplement insurance plans, also known as Medigap plans, are private insurance plans that can help cover some of the out-of-pocket costs not covered by Original Medicare, such as copayments, coinsurance, and deductibles.
I live in New Mexico. Am I eligible for a Medicare Supplement plan?
To be eligible for a Medicare Supplement insurance plan, you must be enrolled in both Medicare Part A and Part B and be at least 65 years old.