Medicare in New York is part of the federal health insurance program is available for eligible residents who are 65 years or older. Adults with qualifying permanent disabilities and certain approved medical conditions (such as Lou Gehrig’s disease) may also be e eligible for these Medicare benefits.
In the state of New York, health insurance companies have to provide (sell) people with Medicare a Medigap policy at any time. It doesn’t matter what their age is or current health situation. Insurance companies cannot refuse you coverage or charge you more because of your health status. In addition, in New York State, people with Medicare under age 65 have the same rights to buy a Medigap as people 65 and older.
New York State is a community-rated state. This means that Medigap premiums in New York are the same regardless of how old you are or the status of your health. Medigap premiums do vary depending on where in the State you live.
In New York there are four different parts to the Medicare program. Parts A and B which are often referred to as the original Medicare. Part B allows New York residents to enroll in Medicare Supplement plan at any time after age 65.
In New York if you are enrolled in Medicare Part A or B you have the option enroll in a NY Medicare Supplement plan that will help cover the costs, which the original Medicare will not cover. The type of costs include out-of-pocket expenses, co-payments, deductibles, and coinsurance.
In most states, including New York there are ten standardized Medigap plan options which each have labels with the letters from A through N. Plans that have the same letters will offer the same benefits regardless of the carrier or location.
While any Medicare beneficiary who is already enrolled in Medicare Part B may enroll in Medicare Supplement plan in New York at any time after the age of 65, the best time to enroll is during the six-month Medigap Open Enrollment Period. The open enrollment period will begin on the first day of the month that you are both enrolled in Part B and are over the age of 65.
During the six-month period, you have guaranteed issue rights that ensure you have the right to enroll in any plan of your choosing, without the fear of exclusion from coverage, higher monthly premiums, or coverage restrictions.
If you however; choose to enroll after the open enrollment period, you may be required to submit medical history for underwriting purposes, and may be charged more or denied coverage due to pre-existing conditions.
New York Medicare – NY Medicare Supplemental Insurance – Medigap New York