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Medicare Supplements

Medicare Supplements, also known as Medigap Insurance Plans, are a popular solution for Medicare-Eligibles that are looking to limit their overall healthcare cost liability, better control their healthcare costs, and don't want to be restricted to the insurance company's provider network.

There are ten main plan types that are identified by a Plan Letter. These are Plans A, B, C, D, F, G, K, L, M, and N. There is also a High Deductible Plan F and there are SELECT Plans (usually on Plan F or G). If an insurance company offers Medicare Supplements then they MUST offer Plan A, at minimum. If they offer any other plan, they MUST offer either Plan C or F. They may choose which other plans to offer.

All the plans are Standardized - meaning that plans with the same letter name offer the same benefits. The Centers for Medicare & Medicaid Services states, "Cost is usually the only difference between Medigap policies with the same letter sold by different insurance companies." (Page 9 of their "Choosing a Medigap Policy" booklet)




Additional Key Excerpts From the Guide:

  • Page 9 - "Each standardized Medigap policy must offer the same basic benefits, no matter which insurance company sells it."
  • Page 13 - "When you have your Medigap Open Enrollment Period you can buy a Medigap policy from any insurance company that's licensed in your state."
  • Page 13 - "Any standardized Medigap policy is guaranteed renewable even if you have health problems. This means the insurance company can't cancel your Medigap policy as long as you stay enrolled and pay the premium."

Take a look at the above guidebook
and then contact us for your:


Our agents will help explain the deductibles, coinsurance, and copayments of Medicare and the benefits of the different Medigap Plans.

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Medigap Plans, also called Medicare Supplements, are designed to help pay some costs not paid by Original Medicare (Parts A & B).
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MORE MEDIGAP KEY NOTES
  • Your Medigap Open Enrollment Period lasts for six months from the time of your Medicare Part B effective date, assuming you are age 65 or older.
  • Claim Forms - most plans handle claims electronically so it's easy to use.
  • Attained Age Pricing - most insurers use this method where plan premiums rise on an annual basis.
  • Tobacco Rates - during your Medigap Open Enrollment Period, you can obtain non-tobacco premium rates even if you are a smoker. Otherwise, tobacco users pay a higher premium.
  • Block Rate Changes - insurers can change the premium rates for an entire plan but can't single you out for a rate increase. While increases are most common, rate decreases do also occur.
  • CLICK HERE to compare Plan F vs Plan G
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