How to Select Medicare Supplement Insurance for the State of North Carolina

Selecting a Medicare Supplement insurance policy in the state of North Carolina is not difficult. In July 2008, Congress passed the Medicare Improvements for Patients and Providers Act that authorized states to implement the National Association of Insurance commissioners' recommendations to modernize the outdated 1990 Standardized Medicare Supplement model by creating a new 2010 Standardized Medicare supplement model. Under this new model, the North Carolina Department of Insurance Senior Health Insurance Information Program, SHIIP, serves to assist Medicare beneficiaries with selecting and evaluating the newly authorized Medicare Supplement insurance policies.

Things You'll Need

• SHIIP medicare supplement comparison guide

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Instructions

• 1

  Review the North Carolina Department of Insurance SCHIIP's most current Medigap Plans comparison table. This table describes the different benefits you will receive under each of the Medicare Supplement plans. As of 2010, Plan A provides the most basic benefits, whereas Plan F provides the most benefits at a high deductible.

• 2

  Determine which Medicare Supplement insurance plan from the Medigap Plans comparison table best matches your current health care needs. For instance, if you require 100 percent coverage for skilled nursing facility care you could select from any of the following plans: C, D, F, G, M and N.

• 3

  Request a premium quote for your Medicare Supplement plan from a North Carolina authorized health care insurance company. Contact any of the companies listed in SCHIIP's medicare supplement comparison guide directory or use the North Carolina Department of Insurance's online search database. For instance, according to the department's online database, a North Carolina male age 65 wanting a Plan F policy could pay an annual policy from $1,146.27, through United of Omaha Life Insurance Company, to $3,462, through American Pioneer Life Insurance Company.