Everybody knows there’s something special about turning 65. For most of us, it’s when we qualify for Medicare, the federal health insurance program for seniors. But for many Montanans, Medicare is only part of the picture of covering your healthcare costs as you age. Montanans can also buy a supplemental insurance policy to cover expenses that Medicare doesn’t– like deductibles and your share of doctors or hospital bills. Some Montanans choose to buy a Medicare Advantage plan, which rolls the services provided by Medicare Part A and Part B into one plan administered by a private health insurance company.
Add it all up and there’s a lot to consider as you approach 65.
We get a lot of questions from Montanans navigating their way through Medicare. To help Montanans understand all their retirement insurance options — and how to plan for them — we wrote “The Road to Medicare: Planning Your Drive to 65.” We also compiled our Top Eight Questions below:
You can/must apply for a Medigap policy no later than 63 calendar days from the date your coverage ends. Plan G is not a guarantee issue for special enrollment periods.
Medicare Supplement Insurance
Montana also offers trained, in-person assistance at locations throughout the state to answer questions you can’t answer on your own.
The Benefit Chart of Medicare Supplement Plans is available here from the National Association of Insurance Commissioners, beginning on page 52.