Medicare Supplements

If you are enrolled in an Original Medicare plan, you will notice that you are often required to pay some out-of-pocket amounts when you receive health care. Medicare Supplement Insurance plans, also known as Medigap plans, exist to fill the cost gaps left behind by Original Medicare benefits.

Medicare Supplement Insurance Enrollment

To enroll in a Medigap policy, you must have both Medicare Part A and Part B (Original Medicare) coverage. Medicare Supplement Insurance is not the same as Medicare Advantage, as it is not a different plan; it merely supplements your Original Medicare benefits. It is illegal for anyone to sell you a Medigap policy if you are enrolled in a Medicare Advantage Plan. If you have Medicare Advantage and wish to purchase a Medigap policy, you will need to switch back to Original Medicare before doing so.

Medigap policies are purchased through private insurance companies that have contracted with Medicare to provide these services. To maintain your Medigap coverage, you must pay a monthly Medigap premium in addition to your Medicare Part B premiums.

Medigap policies are available through private insurance companies that have been licensed to sell them in your state. These policies can only be purchased for one person at a time. If you want to cover someone else, like a spouse, you will need your own separate policies.

Things That Are Not Covered By Medicare Supplement Insurance

Medigap policies can be used to supplement many different healthcare services, but they do not help pay out-of-pocket costs for:

  • Vision care
  • Dental care
  • Hearing aids
  • Long-term care
  • Private-duty nursing

There are ten different Medicare Supplement Insurance policies currently available. Each one offers a different level of coverage and will help pay for various healthcare services. Medigap plans will cover:

  • Medicare deductibles
  • Coinsurance costs
  • Hospital costs
  • Skilled nursing facility costs

How To Enroll In A Medicare Supplement Insurance Plan

You are eligible to enroll in a Medicare Supplement Insurance plan for six months after you’ve enrolled in Medicare Part B. During this period, insurers are not allowed to charge you more or turn you down based on your health condition.

We can help you learn how to get started with Medicare Supplement Insurance, contact us now to get started.

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