Mississippi Medigap Plans, also known as Medicare Supplement Insurance, fill in the gaps left by Medicare, giving you peace of mind in taking care of your health. Check out our guide for all you need to know about Med Supp in MS, and feel free to contact Senior65.com if you need assistance.
What are the Mississippi Medigap Plans?
As mentioned earlier, MedSup policies bridge the gaps in Medicare coverage, handling out-of-pocket costs like deductibles (the amount you pay for Medicare-approved expenses before Medicare starts to pay) and copayments (part of each bill you must pay after you’ve paid the deductible). These are crucial for comprehensive coverage.
For example, Medicare Part B covers 80%, leaving 20% for you to pay, creating a potential financial gap. Medigap plans step in to cover these expenses. Check out our article ‘What Does Medigap Cover?‘ for full details.
There are ten standardized plans at MS, labeled A through N. Each plan offers a set of core benefits along with additional ones. While the core benefits stay the same, not every company may offer every plan. Even though these plans are standardized, Insurers can use different pricing models, such as issue age and attained age schedules. See how much Mississippi plans Medigap cost in your area.
Comparing Mississippi Medigap Plans
The following chart shows the 8 Medigap plans (and how they cover Med Supp plans available in Mississippi to those who qualified for Medicare Part B after 2020. Note: Medigap Plans C and F are only available for those who became Medicare Part B eligible prior to January 1, 2020.
| Benefits | A | B | D | G* | K | L | M | N |
|---|---|---|---|---|---|---|---|---|
| Medicare Part A Deductible ($1,632) | 100% | 100% | 100% | 50% | 75% | 50% | 100% | |
| Part B Deductible ($240) | ||||||||
| Medicare Part A Hospital Coinsurance and 365 additional hospital days | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% |
| Medicare Part B Coinsurance | 100% | 100% | 100% | 100% | 50% | 75% | 100% | 100% |
| First 3 Pints of Blood for a Transfusion | 100% | 100% | 100% | 100% | 50% | 75% | 100% | 100% |
| Medicare Part A Hospice Coinsurance or Copay | 100% | 100% | 100% | 100% | 50% | 75% | 100% | 100% |
| Skilled Nursing Facility Coinsurance | 100% | 100% | 50% | 75% | 100% | 100% | ||
| Medicare Part B Excess Charges | 100% | |||||||
| Foreign Emergency Healthcare | 80% | 80% | 80% | 80% | ||||
| Max Out-of-Pocket | $7,060 | $3,530 |
*Medigap Plan High G offers the same coverage as Medigap Plan G but with a deductible.
How Much Do Mississippi Medigap Plans Cost?
Although the benefits are the same, the cost of Medigap plans in Mississippi varies among companies. Insurers use different pricing models, such as issue age and attained age schedules.
- Issue age premiums: Based on your age when the policy is first issued, these premiums may increase due to factors like inflation and Medicare changes but not solely because of aging.
- Attained age premiums: These depend on your age on each premium due date. Premiums increase not only due to external factors but also with your aging.
Most insurance providers in Mississippi only offer age-attended Medigap plans.
Get a Medigap Quote Enroll in Medigap
Best Time to Enroll in Mississippi Medigap
The best time to enroll in a Mississippi Medigap plan is during the six-month Open Enrollment Period, starting when you turn 65 and enroll in Medicare Part B. During this period, you can’t be denied Medigap coverage based on health.
You do not have to wait until your current health coverage ends to apply. You can apply up to 3 months early to ensure that your Medigap starts when your Medicare Part B begins to prevent coverage gaps. Given the limited open enrollment period, please don’t miss this enrollment window. Contact senior65.com at 800-930-7956 if you need assistance. There is never a charge or hidden fee for our services.
Can I Get a Refund if I Don’t Like the Plan?
Yes, you have a 30-day free look period starting when your Medigap policy is delivered. Within this period, you can change your mind and return the policy to the company for a full refund. (Source)
Switching Mississippi Medigap Plans
With countless Medicare plans available, picking the wrong one is easy to do. What’s more, a plan that was perfect for you years ago might not be the best fit today. Medigap plans in your state aren’t affected by AEP Open Enrollment (Oct 15 – Dec 7). The good news? You can switch your Mississippi Medigap plan anytime you want. However, because MS doesn’t have a Medigap Birthday Rule, you’ll need to answer health questions before your new plan is approved. Rates and eligibility depend on these responses. Learn more in our comprehensive guide: “Medicare Insurance Switching: Ultimate Guide“.
Feeling overwhelmed? Give us a call at 800-930-7956. Our team is ready to provide free guidance and help you find the perfect Medicare Supplement plan. Remember, don’t cancel your old plan until your new one is active.
Mississippi Medicare Excess Charges
Another thing to keep in mind is the Excess Charges. Medicare allows doctors and facilities to charge patients up to an additional 15% in fees, but many Medigap plans, Including Plan G, will pay these Excess Charges for you. Check out our article “How To Avoid Medicare Excess Charges” for more info!
Open Enrollment Under 65
If you’re under 65 and qualify for Medicare due to disability, you have a six-month open enrollment period starting the month you qualify. This ensures you can get a Medigap policy.
If you buy a Medigap policy under 65, you usually get a new six-month open enrollment period when you turn 65. Read our article about all the rules at Medigap Under 65.
Mississippi Medigap Discounts
Even with standard Medigap plans, some companies offer “Household Discounts” or “HH Discounts.” These discounts can save you from 5%-12% off your monthly Med Supp premium when two people from the same address are enrolled with the same Medigap insurance company. Note: household discounts do not automatically appear in our quoting system. Be sure to click “show household discount” radio button on the results page to see the discounted prices.
A good alternative is the Roommate Discount, which has just a few simple requirements. Learn all about it in our article, “What is the Medigap Roommate Discount and How Can You Qualify?”.
Some Medigap providers also offer an auto-pay discount, which can save you a few dollars each month in exchange for making payment directly from your bank account.
What Now, Mississippi?
See how much it costs in your area. Get an online Mississippi Medigap quote here. Drop us a comment below or call one Senior65.com at 800-930-7956.
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