In New Hampshire state, you don’t have any limit on out of pocket expenses for Traditional Part A & B Medicare. Meaning even a single major health issue might leave you paying a huge bill to cover your medical bills. This is where Medigap coverage in New Hampshire state play their part.
Medigap plans in the state of New Hampshire: What’s covered?
Each of the Medigap coverages in New Hampshire state is able to cover part or all of Medicare Part A co-insurance (along with an extra 365 benefit days once your Medicare coverage runs out), your Part A hospice copayments or coinsurance, your initial 3 blood pints, as well as Medicare Part B co-insurance.
Besides that, the ten Supplemental plans have various coverage levels. Among these Medicare Supplement Plan F is most popular that can pay your entire Medicare Part A & B deductibles, excess charges for Medicare Part B, & skilled nursing care coinsurance. People opting for Plan F are likely to enjoy minimum out of pocket costs for services approved by Medicare.
The standardization of all the Supplemental plans is done at the government level. Meaning Medigap coverage in the state of New Hampshire have basic benefits that are same as any other state in the United States ( except for Minnesota, Wisconsin, & Massachusetts that have rules a bit different from the rest).
In New Hampshire, you won’t be able to review your Medicare Supplement plans each year & get a new one during AEP. You’ll only have a single OEP (or Open Enrollment Period) that starts the month you celebrate your 65th birthday & enrolled in Medicare Part B. The plan extends for the duration of 6 months.
Within this period, you’ll have assured issue rights, meaning you will be able to purchase any Supplemental coverage in the New Hampshire state. Also, the insurance provider won’t be able to charge you a higher premium amount based upon your current health situation. Once the period is over, you might face a tough time while trying to purchase the plan as per your liking (exclusions being some very specific circumstances).
The major reason for this is because Medigap plans are provided by private agencies & they might ask you for medical underwriting prior to selling you the coverage. Seniors with pre-existing disorders or other health conditions which are serious might be denied the coverage or charged premiums that are higher as compared to other people with the same plan.
Thus, if you are considering a Supplemental plan, you must purchase it immediately when you become first eligible.