Is Humana Medicare Supplement Insurance Legit? Exploring Its Legitimacy, Pros And Cons

If you’re seeking coverage for out-of-pocket expenses not covered by Original Medicare, Humana Medicare Supplement insurance plans could be a viable option.

Referred to as Medigap, these plans aim to assist with costs such as copayments, coinsurance, deductibles, and emergency care during foreign travel.

Are Humana Medicare Supplement insurance plans trustworthy? How do they stack up against other Medigap plans available? Additionally, what are the advantages and disadvantages of selecting Humana as your Medigap provider?

This article will address these inquiries and provide comprehensive information to empower you in making an educated choice regarding your Medicare Supplement insurance requirements.

Is Humana Medicare Supplement Insurance Legit
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What is Medicare Supplement Insurance?

Let’s start by understanding what Medicare Supplement insurance is. It’s private health insurance that complements Original Medicare (Part A and Part B).

Original Medicare covers many healthcare services, but not all.

Medicare Supplement plans help cover costs like copayments and deductibles. There are 10 standardized plans (A through N) with the same basic benefits.

Different insurance companies may offer additional benefits like vision or dental services.

Costs vary based on the plan, your age, location, and other factors. Some companies might provide extra benefits or discounts, such as vision or dental services.

What are Humana Medicare Supplement Insurance Plans?

Humana stands as one of the United States’ largest and most esteemed insurance companies, boasting over six decades of experience in the healthcare industry. Beyond its extensive portfolio, which includes Medicare Advantage plans, Medicare Prescription Drug plans, and Medicare Supplement insurance plans, Humana distinguishes itself by offering a variety of health insurance products.

Humana’s Medicare Supplement insurance plans adhere to standardized benefits similar to other Medigap plans and are available in most states. However, what sets Humana apart are the additional benefits and features it provides:

  1. A 6% discount on monthly premiums for online enrollment.
  2. A 12% household discount when both you and another household member enroll in a Humana Medicare Supplement plan.
  3. A 30-day free look period, allowing plan cancellation within 30 days of enrollment without penalties.
  4. Guaranteed renewable policy, ensuring plan continuity as long as premiums are paid and accurate information is provided.
  5. 24/7 customer service support for inquiries and claims assistance.
  6. A wellness program offering access to health and fitness resources like gym memberships, fitness classes, health coaching, and more.
  7. Humana Pharmacy mail-delivery service delivering prescription drugs to your door at no extra cost.

Choosing a Humana Medicare Supplement Insurance Plan involves considering factors such as your health needs, budget, and preferences. This ensures alignment with your specific requirements for enrollment.

Here are some steps to help you choose the best Humana Medicare Supplement plan for you:

Check your eligibility

To qualify for a Humana Medicare Supplement plan, you need to meet specific requirements:

  • You must be enrolled in both Medicare Part A and Part B.
  • You should reside in the state where the plan is offered.
  • You must be either 65 years or older or, in certain states, under 65 with a disability or end-stage renal disease.

It’s vital to apply during your Medicare Supplement Open Enrollment Period. This period lasts six months and begins on the first day of the month in which you turn 65 and enroll in Medicare Part B. During this time, you’re guaranteed coverage regardless of your health status or pre-existing conditions.

Missing this enrollment window could mean undergoing medical underwriting, potentially affecting your eligibility and premiums.

So, sticking to the specified timeline is crucial for getting favorable terms and coverage.

Compare the plans

Humana offers eight Medicare Supplement plans: A, B, C, F, G, K, L, and N. Each plan has different benefits and costs, so you need to compare them carefully and see which one meets your needs and budget.

You can use the comparison chart on Humana’s website to see the benefits and costs of each plan. You can also use the Medicare Plan Finder tool on Medicare’s website to compare Humana’s plans with other Medigap plans in your area.

Shop online

Decide on a plan. Shop and enroll online at Humana’s website. Get a 6% discount on your premium.

Enter ZIP code, choose a plan, fill out an application, and pay.

Call 1-888-204-4062 (TTY: 711) for phone enrollment or a paper application.

Pros and Cons of Humana Medicare Supplement Insurance Plans?

Humana’s Medicare Supplement insurance plans come with notable advantages, yet they also carry certain drawbacks.

Here’s an overview of the pros and cons associated with Humana’s Medicare Supplement plans:

Pros:

  1. Humana is a reputable and trustworthy insurance company, holding a high rating from A.M. Best, a prominent rating agency in the insurance industry.
  2. Diverse options: Humana offers a range of Medicare Supplement plans to cater to various needs and budgets.
  3. Added benefits: Humana provides supplementary benefits and discounts, including online enrollment, household discounts, wellness programs, and pharmacy services, enhancing the overall value of its plans.
  4. Responsive customer service: With a 24/7 customer service team, Humana ensures prompt and helpful assistance.
  5. Provider flexibility: Humana Medicare Supplement plans are accepted by any healthcare provider that accepts Medicare, providing flexibility and choice in selecting your healthcare professionals.

Cons:

  1. Limited availability: Humana Medicare Supplement plans may not be accessible in all states or areas.
  2. Lack of drug coverage: These plans do not include prescription drug coverage, necessitating enrollment in a separate Medicare Part D plan for such coverage.
  3. Potential higher premiums: Depending on factors like the chosen plan, age, location, and other variables, Humana Medicare Supplement plans might have higher premiums compared to other Medigap plans.
  4. Coverage limitations: Certain services, such as long-term care, vision or dental care, hearing aids, eyeglasses, or private-duty nursing, are not covered by Humana Medicare Supplement plans, similar to Original Medicare.

How do I enroll in a Humana Medicare Supplement plan?

There are different ways to enroll in a Humana Medicare Supplement plan, depending on your eligibility and preference. Here are some options:

  • You can enroll online on Humana’s website and get a 6% discount on your monthly premium. You just need to enter your ZIP code, select a plan, fill out an application, and submit your payment information.
  • You can call Humana’s customer service at 1-888-204-4062 (TTY: 711) and enroll over the phone with the help of a representative. You can also request a paper application if you prefer.
  • You can use the Medicare Plan Finder tool on Medicare’s website to compare Humana’s plans with other Medigap plans in your area and enroll online or by phone.

Before you enroll, you need to make sure you are eligible for a Humana Medicare Supplement plan. You must be enrolled in Medicare Part A and Part B, you must live in the state where the plan is offered, and you must be age 65 or older or, in some states, under age 65 with a disability or end-stage renal disease.

You also need to apply during your Medicare Supplement Open Enrollment Period, which is a 6-month period that starts on the first day of the month in which you turn 65 and enroll in Medicare Part B.

During this period, you have a guaranteed issue right, which means you cannot be denied coverage or charged more because of your health status or pre-existing conditions.

If you miss this period, you may have to go through medical underwriting, which could affect your eligibility and premium.

Read more: Is Ambetter Health Insurance Legit?

What is the Medicare Supplement Open Enrollment Period?

The six-month span known as the Medicare Supplement Open Enrollment Period initiates when you turn 65 and become enrolled in Medicare Part B.

Within this timeframe, you have the opportunity to register for any Medicare Supplement plan (commonly referred to as Medigap) without the necessity to respond to health inquiries or undergo medical underwriting.

This safeguard ensures that you cannot be refused coverage or subjected to higher charges based on your health condition or pre-existing ailments.

Opting for a Medigap plan during this period provides you with a broader array of choices and more favorable costs, making it the optimal time for enrollment.

The Bottom Line

Humana’s Medicare Supplement insurance plans stand as credible and dependable choices to offset certain expenses not covered by Original Medicare.

Diverse plans with varying benefits, costs, and added features, along with discounts, enhance the appeal and value of Humana’s offerings.

Nevertheless, considerations such as plan availability, drug coverage, and premiums serve as limitations and drawbacks.

To determine the most suitable option for your needs and budget, it is essential to compare Humana’s plans with other available Medigap plans in your locality.

Leverage the online tools and resources offered by both Humana and Medicare to facilitate an informed decision-making process.

Seeking guidance and assistance is also possible through direct contact with Humana’s customer service team or a licensed insurance agent.

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