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.

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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.

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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.

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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.

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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:

Contact us for detailed information and assistance in selecting the right Medigap plan.