Alyssa Lane
Wisconsin Physicians Service (WPS) is a not-for-profit health insurer that provides supplement insurance plans in Wisconsin, Florida, Illinois, and Ohio to people enrolled in Original Medicare. WPS offers a range of healthcare plans, including Medicare supplement or Medigap plans, as well as individual, family, short-term, and group health plans. People can choose from base plans and purchase additional riders depending on their coverage needs. Monthly invoices are generated on the fifth of each month prior to the premium due date, which is the first of each month. WPS also provides a 2% discount for customers who pay their premiums with automatic bank withdrawal and a 7% discount for households with two or more people insured.
| Characteristics | Values |
|---|---|
| What is WPS? | Wisconsin Physicians Service (WPS) is a not-for-profit health insurer based in Madison, Wisconsin. |
| What does WPS offer? | WPS offers several healthcare plans, including Medicare supplement or Medigap plans, as well as individual, family, short-term, and group health plans, including Administrative Services Only (ASO). |
| Where is WPS available? | WPS plans are available in Wisconsin, Florida, Illinois, and Ohio. |
| What is the WPS Medicare supplement plan? | The WPS Medicare supplement plan, also known as a Medigap plan, helps cover the out-of-pocket costs of Original Medicare Parts A and B after Medicare pays its share. |
| What is the difference between Medicare and Medigap? | Most people enrolled in Original Medicare pay 20% toward the costs of their covered Part B services, deductibles, and the Part B monthly premium. Medigap helps reduce these out-of-pocket costs. |
| How does Medigap work with Medicare? | You cannot use a Medigap policy if you have a Medicare Advantage (Part C) plan. Each Medigap plan covers aspects of Original Medicare (Part A and Part B) that you'd typically have to pay after Medicare covers its share. |
| When can you enroll in Medigap? | You can enroll in a Medigap plan at any time, but it may be more difficult and costly after the 6-month Open Enrollment Period (OEP) that begins when you turn 65 and enroll in Medicare Part B. |
| How much does Medigap cost? | The cost of Medigap plans varies by age, location, and coverage choices. WPS offers a 2% discount for automatic bank withdrawals and a 7% discount for two or more people in the same household. |
| How do you pay for WPS Medicare? | WPS accepts premium payments through recurring payments from personal checking or savings accounts, debit or credit cards, checks, or money orders. |
| What is the grace period for payments? | There is a 31-day grace period for late payments. Coverage continues during this period, but non-payment by the end of the grace period will result in policy termination. |
| What is TRICARE For Life (TFL)? | TRICARE For Life is Medicare-wraparound coverage for those with both Medicare Parts A and B who are TRICARE-eligible. |
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What You'll Learn
WPS Medicare insurance payment options
Wisconsin Physicians Service (WPS) is a not-for-profit health insurer based in Madison, Wisconsin, that offers several Medicare supplement insurance options. WPS was founded in 1946 to help civilians and soldiers who were returning from World War 2 and had difficulty paying for healthcare.
WPS provides supplement insurance plans in Wisconsin, Florida, Illinois, and Ohio to people enrolled in Original Medicare. The plans comprise a choice of base plans and optional add-on riders. The costs of these plans vary depending on a person’s age at enrollment, their location, and the coverage they choose.
People can enroll in a Medigap plan at any time, but doing so after the 6-month Open Enrollment Period (OEP) may be more difficult and may cost more. During the OEP, insurance companies cannot refuse a Medigap policy or ask for information about pre-existing medical conditions.
WPS offers a 2% discount if you pay your premiums with automatic bank withdrawal. The company also gives a 7% discount when two or more people in the same household take out a policy.
Monthly invoices are generated on the fifth of each month prior to the premium due date, which is the first of each month. WPS recommends electing a recurring payment method to ensure on-time premium payments. You can use your personal checking or savings account to have your monthly health insurance premium electronically deducted on the recurring date of your choice. If you wish to remove or update your payment method, you must do so at least seven business days prior to the premium due date.
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WPS Medicare enrollment
Medicare supplement insurance plans from WPS are available in Wisconsin, Florida, Illinois, and Ohio. These plans are designed for individuals enrolled in Original Medicare, helping to reduce out-of-pocket costs associated with Part B services, deductibles, and monthly premiums. WPS provides a choice of base plans, along with optional add-on riders, allowing customers to customize their insurance coverage based on their specific needs.
The enrollment process for WPS Medicare involves selecting a base plan and then adding riders as needed, with each rider incurring an additional cost. Individuals can enroll in a Medigap plan at any time; however, enrolling during the Medigap Open Enrollment Period (OEP) is advisable to avoid potential complications and higher costs. The OEP is a six-month period that begins on the first day of the month an individual turns 65 and is enrolled in Medicare Part B. During this period, insurance companies cannot deny Medigap policies or request information about pre-existing medical conditions.
To facilitate enrollment, WPS offers free webinars that explain Medicare, its various parts, the advantages and disadvantages of different options, and expected changes. Prospective enrollees can also discuss their medical and financial requirements with a licensed WPS agent to find the most suitable Medicare supplement plan. Contacting WPS directly or through a local agent is recommended to navigate the enrollment process efficiently and effectively.
Once enrolled in a WPS Medicare plan, individuals can choose their preferred payment method for monthly premiums. WPS recommends setting up recurring payments using a personal checking or savings account to ensure timely payments. Additionally, WPS offers a 2% discount for those who pay their premiums through automatic bank withdrawal and a 7% discount when two or more individuals in the same household have WPS Medicare supplement coverage.
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WPS Medicare copayments
Wisconsin Physicians Service (WPS) is a not-for-profit health insurer that provides several Medicare supplement insurance options, also known as Medigap. WPS was founded in 1946 to help civilians and soldiers who were returning from World War II and had difficulty paying for healthcare.
Medicare supplement insurance plans help to reduce out-of-pocket costs. Most states have 10 Medigap plans, each identifiable by a letter. However, Wisconsin, where WPS is based, does not offer these standard Medigap plans. Instead, it offers a choice of base plans and optional riders that allow people to customize their insurance.
Copayments are a fixed dollar amount that a person with insurance pays when receiving certain treatments. For Medicare, this usually applies to prescription drugs. The WPS Basic plan, for example, covers 100% of the Medicare copayments and coinsurance for hospice care and the first three pints of blood.
The WPS Medigap plan also offers some extra benefits in addition to the standard coverage, including free hearing exams, hearing aid evaluations, and fittings through Hearing Care Solutions. Depending on the hearing aid, customers pay 30% to 40% less for the device itself.
WPS also offers travel emergency coverage of up to $100,000. If a person chooses a Medigap plan from WPS, they will also have Original Medicare (Parts A and B), which covers hospitalization and medical services.
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WPS Medicare discounts
Wisconsin Physicians Service (WPS) is a not-for-profit health insurer that provides several supplement insurance options. WPS offers Medicare supplement insurance (also known as Medigap) plans to help reduce out-of-pocket costs for people enrolled in Original Medicare.
WPS Medicare supplement insurance plans are available in Wisconsin, Florida, Illinois, and Ohio. The plans include a choice of base plans and optional add-on riders, allowing individuals to customise their insurance coverage. The costs of these plans vary depending on factors such as age, location, and chosen coverage.
WPS offers a range of discounts and cost-saving options for its Medicare supplement insurance plans:
- Automatic Payment Discount: WPS provides a 2% discount if individuals choose to pay their premiums through automatic bank withdrawal.
- Household Discount: WPS offers a 7% discount when two or more individuals residing in the same household take out a policy. This discount applies when multiple family members or roommates in the same dwelling have WPS Medicare supplement coverage.
- Open Enrollment Period (OEP): While individuals can enrol in a Medigap plan at any time, enrolling during the OEP can help avoid potential increases in cost. The OEP is a 6-month period that begins on the first day of the month an individual turns 65 and is enrolled in Medicare Part B.
- Customisable Riders: WPS allows individuals to add optional riders to their base plans, providing additional coverage for specific needs. These riders can be added or removed as required, offering flexibility and potential cost savings.
- Travel Emergency Coverage: WPS provides travel emergency coverage of up to $100,000, which can be beneficial for individuals who travel abroad and require medical coverage.
- No-Cost Preventive Services: WPS Medicare supplement plans offer unlimited Medicare Part B preventive services with no out-of-pocket costs and no maximum benefit amount.
- Fitness Program and Discounts: The WPS Basic plan includes a fitness program and provides discounts on eye exams, eyewear, and hearing aids.
- Fixed Copayments: For Medicare, copayments are typically a fixed dollar amount applied to prescription drugs. This can help individuals better predict and manage their medication costs.
It is important to note that WPS Medicare supplement plans may vary based on location, and that individuals should review the specific plan details and discounts offered in their state. Additionally, WPS provides resources such as webinars and one-on-one guidance to help individuals understand their Medicare options and choose the most suitable plan for their needs.
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WPS Medicare coverage
WPS, formerly known as Wisconsin Physicians Service, is a not-for-profit health insurer that offers several Medicare supplement insurance options, also known as Medigap plans. WPS was founded in 1946 to help civilians and soldiers returning from World War 2 who had difficulty paying for healthcare. Today, WPS continues to provide a range of healthcare plans, including Medicare supplement coverage, to individuals and groups in Wisconsin, Florida, Illinois, and Ohio.
WPS Medicare supplement insurance plans aim to help reduce out-of-pocket costs associated with Original Medicare (Parts A and B). Most people enrolled in Original Medicare pay 20% of the costs of their covered Part B services, deductibles, and the Part B monthly premium. With WPS, individuals can choose from a variety of base plans and purchase additional riders to customize their coverage according to their specific needs. The costs of these plans vary depending on factors such as age, location, and coverage level.
One unique aspect of WPS is that it offers a 2% discount for individuals who pay their premiums through automatic bank withdrawals. Additionally, WPS provides a 7% household discount when two or more individuals residing in the same dwelling have WPS Medicare supplement coverage. This discount applies to spouses or other household members seeking Medicare supplement coverage.
WPS Medigap plans also provide access to additional programs, such as the Hearing Care Solutions program and the EyeMed Vision Care program, at no extra cost. Optional Delta Dental coverage is available for an extra monthly fee, offering various dental services with an annual maximum benefit. Furthermore, WPS offers travel emergency coverage of up to $100,000, providing peace of mind when travelling abroad.
To enrol in a WPS Medicare supplement plan, individuals can take advantage of the Open Enrollment Period (OEP). The OEP is a six-month period that begins on the first day of the month an individual turns 65 and enrols in Medicare Part B. During this time, insurance companies cannot refuse a Medigap policy, and there is no need to provide information about pre-existing medical conditions. Enrolling outside of the OEP may result in higher costs and the requirement for medical underwriting.
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Frequently asked questions
Wisconsin Physicians Service (WPS) is a not-for-profit health insurer based in Madison, Wisconsin.
WPS offers a Medicare supplement plan, also known as a Medigap plan, to residents of Wisconsin and other states. Medigap plans help to cover the costs of Original Medicare Parts A and B that you'd typically have to pay after Medicare covers its share.
WPS offers a 2% discount if you pay your premiums with automatic bank withdrawal and a 7% discount when two or more people in the same household take out a policy. WPS also offers travel emergency coverage of up to $100,000.
You can pay your WPS Medicare insurance premiums by setting up a recurring payment method using your personal checking or savings account. You can also pay by credit or debit card, or submit a check or money order to the address on your Billing Statement.
