What is a Medicare Supplement Plan?
Your Original Medicare pays for much of your medical expenses — but not all of them. A Medicare Supplement (Medigap) Plan covers the 20% of health expenses not covered by Original Medicare (Part A and Part B). This could include costs like copayments, coinsurance, or deductibles.
Your doctor first bills Medicare for your service or procedure. Then, Medicare pays the approved portion and sends the remainder of the bill to your Medicare Supplement insurance. Without a Medigap plan, you would be responsible for paying the remaining expenses out-of-pocket.
Your doctor first bills Medicare for your service or procedure. Then, Medicare pays the approved portion and sends the remainder of the bill to your Medicare Supplement insurance. Without a Medigap plan, you would be responsible for paying the remaining expenses out-of-pocket.
Compare Medicare Supplement (Medigap) Plans
Private, Medicare-approved insurance companies offer standardized Medigap plans. This means that every company offers the same plan letter and coverage. To help you make an informed choice about your health plan, we've detailed a list of Medicare Supplement Plans below.
Like any government program, Medicare is always changing. For the most up to date plan information, schedule a personal Medicare consultation with a member of our team. Our services are always free.
Like any government program, Medicare is always changing. For the most up to date plan information, schedule a personal Medicare consultation with a member of our team. Our services are always free.
| Medicare Supplement Insurance Plans | A | B | C | D | F | G | K | L | M | N |
|---|---|---|---|---|---|---|---|---|---|---|
| Medicare Part A coinsurance and hospital costs | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Medicare Part B coinsurance or copayment | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | 50% | 75% | ✓ | ✓ |
| Blood (first 3 pints) | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | 50% | 75% | ✓ | ✓ |
| Part A hospice care coinsurance or copayment | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | 50% | 75% | ✓ | ✓ |
| Skilled nursing facility care coinsurance | ✓ | ✓ | ✓ | ✓ | 50% | 75% | ✓ | ✓ | ||
| Part A Deductible | ✓ | ✓ | ✓ | ✓ | ✓ | 50% | 75% | 50% | ✓ | |
| Part B Deductible | ✓ | ✓ | ||||||||
| Part B Excess Charges | ✓ | ✓ | ||||||||
| Foreign Travel Emergency | 80% | 80% | 80% | 80% | 80% | 80% |
Which Medicare Supplement has the best coverage?
Medigap Plan F is a popular plan because it offers the most comprehensive coverage — which means you pay zero out of pocket costs for your health expenses. Simply pay your premiums and enjoy peace of mind that you're prepared.
Similarly, Plan G offers the same benefits but without covering the Part B deductible. Plan C offers comprehensive coverage but does not include Part B excess charges.
Similarly, Plan G offers the same benefits but without covering the Part B deductible. Plan C offers comprehensive coverage but does not include Part B excess charges.
Medicare Supplement vs Advantage Plans
If you don't wish to purchase a combination of Original Medicare, a Supplement Plan, and/or a Prescription Drug Plan, you could choose Medicare Advantage.
Medicare Advantage "bundled" plans include Part A, Part B, and usually Part D coverage. However, you are required to use in-network doctors. Medicare Supplement Plans allow you the freedom to choose any doctor who accepts Medicare. They can also be used anywhere in the United States.
Deciding between a Supplement Plan or an Advantage Plan depends on your lifestyle and budget. Our Medicare specialists can review the pros and cons of each of your plan options. You can be confident in your Medicare coverage (and savings) with our expert advice.
Medicare Advantage "bundled" plans include Part A, Part B, and usually Part D coverage. However, you are required to use in-network doctors. Medicare Supplement Plans allow you the freedom to choose any doctor who accepts Medicare. They can also be used anywhere in the United States.
Deciding between a Supplement Plan or an Advantage Plan depends on your lifestyle and budget. Our Medicare specialists can review the pros and cons of each of your plan options. You can be confident in your Medicare coverage (and savings) with our expert advice.
When are you eligible for Medicare?
When you turn 65, you become eligible for Medicare coverage. There's an annual enrollment period from mid-October through early December.
During your initial enrollment period, Medicare Supplement Plans may be available to you regardless of pre-existing conditions. This is not always true if you have already enrolled, switched plans, or are attempting to switch back to Original Medicare and a supplement plan at a later age. Additionally, adding or changing coverage could result in penalties if you do so at a later date.
It's essential that you know exactly what coverage you are getting. Our agents can help you make the best choice for your lifestyle and budget.
During your initial enrollment period, Medicare Supplement Plans may be available to you regardless of pre-existing conditions. This is not always true if you have already enrolled, switched plans, or are attempting to switch back to Original Medicare and a supplement plan at a later age. Additionally, adding or changing coverage could result in penalties if you do so at a later date.
It's essential that you know exactly what coverage you are getting. Our agents can help you make the best choice for your lifestyle and budget.
Do you have a question about Medicare?
Our agents are ready to answer any of your questions.