Medicare Supplement Plans

Medicare Supplement

A Medicare supplement (Medigap) insurance, sold by private companies, can help pay some of the health care costs that original medicare doesn’t cover, like copayments, coinsurance, and deductibles.

Some Medigap policies also offer coverage for services that Original Medicare doesn’t cover, like medical care when you travel outside the United States. If you have Original Medicare and you buy a Medigap policy, Medicare will pay its share of the Medicare approved amount for covered health care costs. Then your Medigap policy pays its share.

A Medigap policy is different from a Medicare Advantage Plan. Those plans are ways to get Medicare benefits, while a Medigap policy only supplements your Original Medicare benefits.

What you should know about Medigap

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).

You can get a Medicare Supplement Plan only if you already have Original Medicare. Medigap covers 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 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.

Medicare Supplement

A Medicare supplement (Medigap) insurance, sold by private companies, can help pay some of the health care costs that original medicare doesn’t cover, like copayments, coinsurance, and deductibles.

Some Medigap policies also offer coverage for services that Original Medicare doesn’t cover, like medical care when you travel outside the United States. If you have Original Medicare and you buy a Medigap policy, Medicare will pay its share of the Medicare approved amount for covered health care costs. Then your Medigap policy pays its share.

A Medigap policy is different from a Medicare Advantage Plan. Those plans are ways to get Medicare benefits, while a Medigap policy only supplements your Original Medicare benefits.

Open enrollment for Medicare Supplement Plans

Your open enrollment for Medigap supplemental insurance begins the first day of the month in which you turn 65 and are covered under Medicare Part B. You have six months to enroll. If you are under 65, check with your state’s Social Security Administration to see if it offers additional open enrollment periods. As long as you enroll during this six-month open enrollment period, the insurance company cannot refuse to sell you a Medigap policy, charge you more because you have health problems, or make you wait for coverage to begin. However, you may have to wait up to six months for coverage of a pre-existing condition. Original Medicare will still cover that health problem even if your Medicare Supplement Plan doesn’t cover your out-of-pocket costs. If you enroll in a Medicare Supplement Plan outside of your open enrollment period, the private insurance company may “underwrite” the plan. That means you may be subject to a physical, and the insurance company can refuse to sell you the plan or they can adjust your premium based on your health status. If you enroll in a Medicare Advantage plan, you are not allowed to use and can’t be sold a Medigap policy. However, if you later return to Original Medicare, Parts A and B, you have a 12-month special enrollment period to sign up for a Medigap Supplement Plan.

Testimonials

“By the way, as I said, my husband went in for a knee replacement, had a stroke and was there 3 weeks and then needed a nursing home/rehab place.

The one recommended to us was fully covered by Mutual of Omaha. Had we chosen the Medicare Advantage plan, he wouldn’t have been able to go there. They won’t pay. the hospital person helping me was relieved to here we had straight Medicare and a supplemental.”

-Chris, Happy Customer

Testimonials

"Well THANK YOU SWEET GIRL, this morning I need some good news to start my day off. All of you have been so easy to work with and helpful, I cannot imagine doing this on my own. You have saved my insanity and I appreciate all that you and Arlene have done for me!!! Your Friend Forever!"

-Audrey (Patty) S, Happy Customer

Testimonials

Matt, I want to say a GREAT BIG THANK YOU for all your assistance in helping me make my decision on my Medicare supplement. You were so willing to take the time and explain my options. I have already recommended you to others and will continue to do so. You are the best.

-Carlene, Happy Customer

Testimonials

Jim, Just a quick note to say Thank You for your help in selecting a Medicare supplement plan. Your simple as 1,2,3 explanation clarified for me how Medicare works and helped me make a decision after a month or so of sorting thru a myriad of paperwork and plans that I could not figure out on my own.

-Jed K, Happy Customer

Testimonials

I would like to thank you for helping me with my Medicare Supplement Plan. It can be a very confusing time trying to sort out everything. Mr. Fred Lewis is truly a great asset to your company. He explained everything in a very logical and concise manner. He had a lot of patience for all of the questions that I asked. He always was able to answer them and make me feel comfortable about everything. When Fred told me that somebody else would contact me about the drug plan, that is exactly what happened. Everything that Fred told me would be sent to me, was. I really appreciated the time and knowledge that was put into helping me. I now feel much better knowing that everything has been taken care of and handled.
I would recommend your company to anyone who is interested in getting a Medicare Supplement Plan. Thank you again for all of your help and for Mr. Fred Lewis.

-Margaret M, Happy Customer

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