Education Center
What is a Medicare Supplement Plan?
Oct 23

Medicare supplement plans (also known as Medigap) are health insurance from private companies specifically designed to supplement Medicare Part A and Part B (also called Original Medicare).

If you enroll in Original Medicare and purchase a Medicare Supplement plan, you will generally have 100 percent of your Medicare-approved health care costs covered – depending on the plan you choose. Each Medicare supplement plan must offer the same basic benefits, no matter which insurance company sells it, but some plans pay more towards the coinsurance, copayments, and deductibles (“gaps”) in Original Medicare.

Benefits and Features of a Medicare Supplement Plan:

-Help with managing out-of-pocket costs

-The flexibility to choose any doctor who accepts Medicare patients

-No claim forms to file

-National coverage so beneficiaries can use benefits anywhere in the United States

-Foreign travel coverage for emergency services (for most plans)

-Guaranteed renewability, which means the plan will renew automatically every year as long as beneficiaries pay their premiums when due

Medicare Supplement plans are identified by letters (such as Plan F or Plan C), and the same plans are available in most states. The main differences between plans are the cost, underwriting criteria, and customer service.

If you are unsure if a Medicare Supplement plan is right for you, or have questions about enrolling in Part A and B, we can help you take the guesswork out of Medicare.