Medigap Supplement Plans
If you're concerned about Medicare costs, a Medigap health insurance policy (also called Medigap Supplemental insurance or a Medicare Supplement plan) helps pay the "gap" between what Original Medicare (Medicare Parts A and B) pays and what you pay out of your own pocket.
The Medigap policy you purchase must be clearly identified as "Medicare Supplement Insurance." There are 10 different Medigap coverage options to choose from. Plans are labeled A, B, C, D, F, G, K, L, M, and N (Plans E, H, I, and J are no longer available).
All insurance companies selling a particular Medigap plan type in your area must offer the same coverage, but may offer it at different prices. So, you may want to shop for the best price.
You can get a Medicare Supplement plan only if you already have Original Medicare. Medigap can help pay out-of-pocket costs under Medicare Part A (hospital insurance) and Medicare Part B (medical insurance), but it does not cover Medicare Part C (Medicare Advantage plans), Medicare Part D (Prescription Drug Plans), or any other private health insurance, Medicaid, Veterans' Administration benefits, or TRICARE.
Because Medigap policies are regulated by state and federal laws, the benefits for all the coverage options are generally the same regardless of insurer. The differences will be in the price, who administers the plan, and which of the 10 options the insurer chooses to offer. Choose a health insurer you trust, and shop around for the best prices.
You could contact each and every individual agency by yourself and spend hours filling out the same redundant online forms for quotes, or you can let us do all of the busy work for you. Compare multiple plans, prices and agencies. We can help you get the best possible deal on virtually any available Medigap policy and Part D. Call us Today! To set up an appointment with a license agent that can go over all your options. There is no cost or obligation to speak with a licensed agent.
