Globe Life Medicare Supplement Plans
Globe Life Medicare Supplement plans, or Medigap plans, are designed specifically for seniors and disabled individuals enrolled in Medicare Part A and Medicare Part B.
Designed to fill in the gaps of coverage left behind by the federal Medicare program (Medicare Part A and B), Globe Life Medigap plans can save you a lot of money.
What Medicare Supplement Plans Does Globe Life Offer?
Globe Life Medicare Supplement Plan G
Key features:
- It does not cover the Medicare Part B deductible
- It offers robust coverage for a more affordable monthly price
- Medigap Plan G is the fastest-growing plan
- Part A hospital coinsurance
- The hospital costs up to 365 days after benefits through Original Medicare are exhausted
- Part A hospice care copays or coinsurance
- Part A deductible
- Part B preventive office visit coinsurance
- Part B coinsurance or copays
- First, three pints of blood needed for a medical procedure
- Coinsurance for care in a skilled nursing facility
- Limited foreign travel emergency care
Globe Life Medicare Supplement Plan N
Globe Life Medicare Supplement Plan N is another popular option.
A few things to know before signing up for a Medicare Supplement plan N:
- It does not cover Medicare Part B deductible
- It does not cover Medicare Part B excess charges
- There are copays when you visit the doctor ($20) or when you visit the emergency room ($50)
Globe Life Medicare Supplement Plan F
Of all of the Medicare Supplement plans, Medigap Plan F offers the most benefits.
Here is a list of the coverage you can enjoy if you sign up for Medicare Supplement Plan F:
- Part A hospital coinsurance
- The hospital costs up to 365 days after benefits through Original Medicare are exhausted
- Part A hospice care copays or coinsurance
- Part A deductible
- Part B deductible
- Part B preventive office visit coinsurance
- Part B coinsurance or copays
- Medicare Part B excess charges
- First three pints of blood needed for a medical procedure
- Coinsurance for care in a skilled nursing facility
- Limited foreign travel emergency care
When Can I Enroll in a Globe Life Medicare Supplement Plan?
You can sign up for Medicare Supplement plans as long as you are enrolled in Medicare Part A and Part B. However, if possible, the best time to sign up is during your Medigap Open Enrollment Period. This is the six-month period when you can first sign up for Medicare.
Here’s why this is the best time to sign up:
- Enjoy guaranteed issue rights; if you sign up during this period, you don’t have to worry about being turned down for Medicare Supplement plans because of health conditions.
- Avoid paying higher rates because of health conditions.
Outside of the Medigap Open Enrollment Period, there may be other situations when you can sign up for a plan without worrying about medical underwriting. For example, suppose you have an HMO or PPO Medicare Advantage plan and move outside your plan’s network. In that case, a special period is triggered so you can sign up for a Medigap policy without medical underwriting. The same is true if you lose employer coverage or in a few other circumstances.
You can still sign up for Medigap plans even if you aren’t in one of these special periods. Some companies are stricter regarding medical underwriting, so applying for a few plans and comparing rates is wise to find the best option. Our licensed insurance agents can assist you with this, so contact us if you need help signing up for a policy anytime.
Do Globe Life Medigap Plans Include a Medicare Part D Plan?
Neither Medicare Part A nor Medicare Part B includes prescription drug coverage. This coverage is not included in any Medicare Supplement insurance plans, either. Instead, you must sign up for a separate, stand-alone Medicare Part D drug plan.
Globe Life Medicare Supplement Plans Review
Knowing that you have coverage through a company you can count on is probably important to you, which is something we understand. Even though Globe Life is not the most prominent company offering Medicare Supplement plans, it is a well-known and well-established company with good A.M. Best ratings. With many “mom and pop” companies popping up to compete for business from the aging Baby Boomer population, it’s best to buy Medicare Supplement plans from reliable, reputable, and well-known companies.
Next Steps
We specialize in guiding Medicare beneficiaries through their Medicare insurance options. We work with some of the nation’s top-rated Medigap carriers to ensure you’re getting the best possible service. Review our Medicare Supplement Plans Comparison Chart and look deeper at the plans. Additionally, you can call us today to learn more or request a quote online.
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