Medicare Supplements

Medigap Plan

What is a Medicare Supplement Plan?

Medicare Supplements, or Medigap insurance, are private policies that fill the gaps between Original Medicare coverage and out-of-pocket costs. These plans help pay for Part A and Part B deductibles, copays, coinsurance, and extras like extended hospital stays and foreign travel emergencies. You must be enrolled in Medicare Part A and Part B to purchase a Medigap policy.

Standardized Plans

There are ten standardized Medigap plans labeled A through L. Each must offer specific benefits, making comparison easy.

Premiums

Premiums are based on age and geographic area and are paid in addition to the Medicare Part B deductible. These plans cover out-of-pocket costs that Original Medicare doesn't.

Availability

All Medigap policies are sold by private insurance companies, offering a variety of choices to fit your needs and budget. Plans must cover basic Original Medicare benefits, though pricing varies.

Medigap plans offer:

Help with out-of-pocket costs
Freedom to choose any doctor accepting Medicare patients
No claim forms
Nationwide coverage
Foreign travel emergency coverage (most plans)
Guaranteed renewability
30-day “free look” period with full premium refund (minus claims paid) if returned within 30 days.

Choosing a Plan

Use the chart below to compare the standardized Medicare Supplement plans from A through L for easier plan comparison.

Plan Features:

Help with managing out-of-pocket costs
Freedom to choose any doctor who accepts Medicare patients
No claim forms to file
National coverage for use anywhere in the United States
Coverage that moves with you if you relocate (except for Select plans)
Foreign travel emergency coverage (most plans)
Guaranteed renewability as long as premiums are paid
30-day “free look” evaluation period with a full refund of premiums (minus claims paid) if the policy is returned within 30 days of issuance.

For More Information:

Medicare Supplement Insurance (Medigap) plans

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