Medicare Supplement Insurance Plans in New Hampshire
Find affordable Medicare plans in New Hampshire
About Medicare Supplement insurance plans in New Hampshire
A Medicare Supplement insurance plan, also called Medigap or MedSup, may help cover some of the costs not covered under Original Medicare (Part A and Part B) such as copayments, deductibles, or coinsurance. Medicare beneficiaries in New Hampshire have the option to enroll in a Medigap plan to help cover these extra out-of-pocket expenses. In most states, including New Hampshire, there are ten standardized Medigap plans, each labeled with a letter, and offering the same benefits (within each letter category), no matter which county you live.
When enrolling in a Medicare Supplement insurance plan in New Hampshire, it is best to do so during the six-month Medigap Open Enrollment Period (OEP). This six-month period begins on the day you turn 65 and are already enrolled in Medicare Part B. During the Medigap Open Enrollment Period, a Medicare beneficiary can enroll in a Medicare Supplement insurance plan in New Hampshire with any insurance company offering that plan without submitting to medical underwriting, and without the fear of high premiums because of pre-existing conditions*.
After the Medigap Open Enrollment Period, a Medicare beneficiary may still enroll in a Medigap plan, but may have to submit a medical background check, and could be restricted in coverage, pay higher premiums, or even be denied coverage.
How you should compare New Hampshire Medicare Supplement insurance plans
In New Hampshire, Medicare Supplement insurance plans do not vary in coverage or benefits between plans of the same letter type. Thus, no matter where you live or which insurance company you choose, you can be sure you’ll receive the same benefits under the Medigap plan you select. However, each insurance company determines their premium structure and may charge more or less depending on your area. Thus, it is important to determine what Medigap plans are available in your state and make a selection based on your budgetary needs.
*Pre-existing conditions are generally health conditions that existed before the start of a policy. They may limit coverage, be excluded from coverage, or even prevent you from being approved for a policy; however, the exact definition and relevant limitations or exclusions of coverage will vary with each plan, so check a specific plan’s official plan documents to understand how that plan handles pre-existing conditions.