Medicare Supplement
Medigap, also known as Medicare Supplement Insurance, is designed to cover medical expenses not paid for by Original Medicare. This supplemental insurance helps cover costs such as copayments, deductibles, coinsurance, and hospital bills, potentially saving you from the 20% coinsurance required for many Medicare Part A or Part B services.
Medigap plans are standardized and offered by private insurance companies. However, as of January 1, 2020, Medigap plans sold to new Medicare enrollees no longer cover the Part B deductible. Specifically, Plans C and F are not available to those who became eligible for Medicare on or after this date.
If you were eligible for Medicare before January 1, 2020, and were not yet enrolled, you might still be able to purchase a Plan C or F that covers the Part B deductible. Existing holders of these plans, or the high-deductible Plan F, can retain their coverage.
It’s important to note that Medigap policies vary by state, and you must be enrolled in both Medicare Part A and Part B to purchase a Medigap plan.
Is Medicare Supplement right for me?
Medicare Supplement plans vary in benefits and costs depending on your state. To explore the options available to you, contact us today. Our Medicare Supplement agents are licensed specialists who can simplify the complexities of Medicare and ensure you receive the coverage you need at a price that fits your budget.
It’s important to note that Medigap policies typically do not cover Long Term Care, Vision, Dental, Hearing Aids, Eyeglasses, or private duty nursing. They generally pair with a standalone Part D plan for prescription coverage.
We service 16 states and make it easy to get Medicare Supplement plans. Just answer a few questions about your health and coverage preferences, and we’ll help you apply. We also assist with selecting a Part D plan for your prescriptions.
Using an insurance agency like ours is the best way to secure the best deal on Medicare Supplement Insurance. We’ll shop multiple insurance companies to find the lowest price and assist you with signing up, either over the phone or via Zoom.
Whether you’re looking for a more affordable plan or considering switching, our insurance agency is here to assist you every step of the way.
