AARP Supplemental Insurance Plans – AARP (American Association of Retired Persons) offers a range of supplemental insurance plans to its members. These plans are designed to help cover healthcare costs that are not covered by Medicare, such as deductibles, coinsurance, and copayments.

AARP Supplemental Insurance Plans

AARP (American Association of Retired Persons) offers a variety of supplemental insurance plans to its members. These plans are designed to help cover the gaps in Medicare coverage and assist with out-of-pocket healthcare expenses.

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AARP’s supplemental insurance plans are underwritten by UnitedHealthcare Insurance Company and are available to AARP members. These plans are designed to help cover healthcare costs that are not covered by Medicare, such as deductibles, coinsurance, and copayments.

AARP offers several types of supplemental insurance plans, including:

1. Medicare Supplement Insurance

Medicare Supplement Insurance, also known as Medigap, is a type of supplemental insurance that helps pay for some of the out-of-pocket costs that come with Original Medicare, such as deductibles, copayments, and coinsurance.

Medigap policies are sold by private insurance companies and work alongside Original Medicare. Medicare pays its share of the Medicare-approved amount for covered healthcare costs, and then Medigap pays its share, which can help reduce or eliminate your out-of-pocket costs.

Medigap policies are standardized and identified by letters (A, B, C, D, F, G, K, L, M, and N), with each letter offering a different set of benefits. However, not all plans are available in every state.

ELIGIBILITY

To be eligible for Medigap, you must be enrolled in Original Medicare Parts A and B, and you must purchase the policy during the Medigap Open Enrollment Period, which starts on the first day of the month that you’re 65 or older and enrolled in Part B and lasts for six months. During this period, insurance companies cannot use medical underwriting to deny coverage or charge you higher premiums based on pre-existing conditions.

BUY PLANIf you’re interested in purchasing a Medigap policy, you can contact private insurance companies in your state that offer these policies or visit Medicare.gov to compare plans and costs.

2. Hospital Indemnity Insurance

Hospital Indemnity Insurance is a type of supplemental insurance that pays a fixed amount of cash directly to you if you are hospitalized due to a covered illness or injury. This benefit can be used to help cover the costs associated with a hospital stay, such as deductibles, copayments, and other out-of-pocket expenses that may not be covered by your primary health insurance plan.

Hospital Indemnity Insurance policies are typically offered as standalone plans, but they may also be available as a rider to an existing health insurance policy. The amount of coverage you can receive depends on the plan you choose and the terms of the policy.

One benefit of Hospital Indemnity Insurance is that the payout is made directly to you, rather than to a healthcare provider. This means that you can use the money for any expenses you choose, including lost wages, transportation costs, or other bills that may arise during your hospitalization.

NOTE: Hospital Indemnity Insurance is not a substitute for health insurance and does not provide coverage for medical services or treatments. Instead, it is designed to supplement your existing health insurance coverage and help cover the out-of-pocket expenses associated with a hospital stay.

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If you’re interested in purchasing Hospital Indemnity Insurance, you can contact private insurance companies that offer these policies or speak with a licensed insurance agent to learn more about your options.

3. Dental Insurance

Dental insurance is a type of health insurance that helps cover the cost of dental care. Dental insurance plans typically cover preventative care, such as regular check-ups and cleanings, as well as basic and major dental procedures, such as fillings, root canals, and crowns.

Dental insurance plans can be purchased on their own or as part of a larger health insurance policy. Some employers may offer dental insurance as part of their employee benefits package.

Dental insurance plans may have deductibles, copayments, and annual or lifetime maximums that limit the amount of coverage available. It’s important to review the terms and conditions of the plan carefully to understand what is covered and what is not covered.

Some dental insurance plans may also have waiting periods before certain services are covered. For example, a plan may require a six-month waiting period before covering orthodontic treatment.

4. Vision Insurance

Vision insurance is a type of insurance that helps cover the cost of eye care services and products. Vision insurance plans typically cover routine eye exams, prescription eyewear (such as glasses and contact lenses), and sometimes additional services like eye surgery.

Like dental insurance, vision insurance plans can be purchased on their own or as part of a larger health insurance policy. Some employers may also offer vision insurance as part of their employee benefits package.

5. Medicare Prescription Drug Plans

Medicare Prescription Drug Plans, also known as Medicare Part D, is a type of insurance that helps cover the cost of prescription medications for people who are eligible for Medicare. Medicare Part D plans are offered by private insurance companies that are contracted with Medicare.

Medicare Part D plans have formularies, which are lists of approved medications that the plan will cover. These formularies can vary from plan to plan, so it’s important to review the plan’s formulary to make sure the medications you need are covered.

Medicare Part D plans may also have deductibles, copayments, and annual or lifetime maximums that limit the amount of coverage available. The specific cost-sharing amounts can vary between plans, so it’s important to compare plans to find one that meets your needs and budget.

It’s important to enroll in a Medicare Part D plan during the Initial Enrollment Period or the Annual Enrollment Period. If you do not enroll during one of these periods, you may be subject to a late enrollment penalty if you decide to enroll later.

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If you’re interested in enrolling in a Medicare Part D plan, you can visit https://www.aarpmedicareplans.com/shop/prescription-drug-plans.html

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Frequently Asked Questions

What is AARP supplemental insurance?

What is AARP Medicare Supplement Plan L?

AARP Medicare Supplement Plan L is a type of Medigap policy offered by AARP in partnership with UnitedHealthcare. This plan is designed to help cover some of the out-of-pocket costs associated with Original Medicare, including deductibles, coinsurance, and copayments.

What is the difference between an Advantage plan and supplemental insurance?

Advantage plans are an all-in-one alternative to Original Medicare, while supplemental insurance works alongside Original Medicare to help cover the out-of-pocket costs.

What is the difference between AARP Plan F and Plan G?

The main difference between Plan F and Plan G is the cost. Plan F generally has a higher monthly premium than Plan G, due to its more comprehensive coverage. However, if you are willing to pay the Part B deductible out of pocket, Plan G can be a more cost-effective option.

What are all the benefits of AARP?

  • Discounts
  • Advocacy
  • Publications
  • Online resources
  • Insurance products
  • Community
  • Health and wellness resources
  • Educational resources

What does AARP stand for?

AARP (American Association of Retired Persons)

What is the difference between AARP Medicare Supplement and Medicare Advantage?

AARP Medicare Supplement plans work alongside Original Medicare to help cover the out-of-pocket costs, while Medicare Advantage plans are an all-in-one alternative to Original Medicare that may offer additional benefits but may have provider networks and require copayments or coinsurance for certain services.

Does United Healthcare AARP have a deductible?

AARP Medicare Supplement plans may have a deductible for certain benefits, such as the Medicare Part B deductible. However, some AARP Medigap plans, such as Plan F, cover the Part B deductible.

Is there a Medicare Supplement that covers everything?

There is no Medicare Supplement (Medigap) plan that covers everything. Medigap plans are designed to help fill in the “gaps” in Original Medicare (Parts A and B) coverage, such as deductibles, copayments, and coinsurance.

How do I cancel my AARP Medicare Supplement?

To cancel your AARP Medicare Supplement (Medigap) policy, you should contact the insurance company that provides your policy. The contact information for the insurance company should be on your policy documents or your insurance card.

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