State-Specific Medicare Supplement Insurance Riders
Some states are authorized to offer unique forms of Medicare Supplement Insurance, which feature basic plans that can be improved through riders. The current states where these alternative riders can be purchased are Wisconsin, Massachusetts and Minnesota.
Wisconsin offers riders with the following benefits:
- Part A deductible coverage
- Additional home health care (365 visits including those paid by Medicare)
- Part B deductible coverage
- Part B deductible discount
- Part B excess charges coverage
- Foreign travel emergency coverage
- 50% Part A deductible
- Part B copayment or coinsurance
Massachusetts and Minnesota based insurance companies can add the following 4 riders to a Basic Medicare Supplement Insurance Plan:
- Part A: inpatient hospital deductible coverage
- Part B: Deductible coverage
- Usual and customary fees
- Non-Medicare preventive care coverage
In both Wisconsin and Minnesota, Part B deductible coverage is not available to people who enroll in Medicare after January 1st, 2020. If you were eligible for Medicare before this date but not yet enrolled, you may qualify for this benefit.
Common Riders
- Medicare Part A Deductible Rider: With this rider, your Medicare Supplement Insurance policy will pay your Medicare Part A deductible. This is considered one of the most important riders, as for some Medicare recipients, it can result in significant savings. The Medicare Part A deductible is $1,600 as of 2023.[1] Some people who do not have the rider will be required to pay the full deductible multiple times if they need Part B covered services during separate 60 day benefit periods.
- Medicare 50% Part A Deductible Rider – This rider covers half of the Part A deductible per benefit period with no out of pocket maximum.
- Medicare Part B Deductible Rider The Part B deductible rider will pay your Part B deductible, meaning you will only have to pay the 20% that is due after Medicare pays their 80% of Part B approved amounts.
Are you in a state where riders are offered? Contact us now for more information!
References
- https://www.medicare.gov/Pubs/pdf/11579-medicare-costs.pdf; Published: Sep 30, 2022; Accessed: Nov 17, 2022
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