The State of Indiana has created a series of regulations to protect those seeking Medicare supplemental insurance quotes in Indiana to help its citizens avoid overpaying for coverage that does not provide all of the protection that its sellers claim. One of the primary safeguards the State has created to help those looking for Medicare Supplemental insurance quotes in Indiana, is the State Health Insurance Assistance Program (or SHIP, for short).  SHIP is a free, unbiased counseling program provided by the Indiana Department of Insurance for Medicare beneficiaries in Indiana. Every state offers its own version of the State Health Insurance Assistance Programs. SHIP is a non-profit organization designed to provide an unbiased place for seniors and pre-retirees to find answers to their health insurance questions, especially around getting Medicare supplement quotes.
SHIP is not affiliated with any insurance company or agency and does not sell insurance.They are staffed by a crew of volunteer counselors who have completed intensive training to offer free and objective assistance in complete confidence.
To contact a counselor at SHIP located in Indianapolis, Indiana, call 1-800-452-4800.
The Indiana Department of Insurance has regulated the Medicare supplement industry, allowing 12 different policies to be sold in the state. Companies must be approved by the Indiana Department of Insurance to be allowed to sell Medicare Supplement policies. To make it easier for citizens of Indiana to compare one Medicare Supplement policy to another, the state allows twelve standard plans to be sold. The plans are labeled with a letter, A through J. Not all companies sell all ten plans. It can be extremely confusing for those in the market for a Medicare Supplement quote in Indiana, as there are large variations in coverage between the twelve policies. The Indiana Department of Insurance offers lots of detail on their website about the twelve types of policies, but those with questions can call them directly at 317-232-2385.
Here’s a quick overview of the plans sold in Indiana:
Medicare Supplement insurance is sold in 12 standard plans. As of January 1, 2006, Plans H, I, J are no longer sold with drug coverage.
Every company must sell Plan A, which is the basic plan, or the “core benefit” plan. The standard plans are labeled A through L.
Remember, the plans are standardized. So, Plan F from one company will be the same as Plan F from another company. Then, select the supplement policy which fits your needs, and purchase that plan from the company which offers the lowest premiums and best customer service. Core Benefit included in all plans:
- Pays Part A Hospital copayment ($275 per day for 61-90 days and $550 per day for 91-150 days in 2010)
- Pays for an additional 365 days of hospitalization after Medicare benefits end.
- Pays Part B copayment (usually 20% of the Medicare approved amount)
- Pays for the first three pints of blood per year.
You will have to pay part of the cost-sharing of some covered services until you meet the annual out-of-pocket limit. Plan K has a $4,000 out-of-pocket limit. Plan L has a $2,000 out-of-pocket limit. Once you meet the annual limit, the plan pays 100% of the Medicare copayments, coinsurance, and deductibles for the rest of the calendar year. These amounts can change each year.
For more information or to get a Medicare supplement quote in Indiana, visit Insuriffic.com.