Comparing plans

Are You Satisfied With Your Medigap Coverage?

Christian Worstell

by Christian Worstell | Published April 30, 2020 | Reviewed by John Krahnert

A whopping 94% of senior citizens with Medicare Supplement insurance policies say they are satisfied with their health insurance coverage, according to a report by America’s Health Insurance Plans (AHIP). When respondents were asked whether they would recommend a Medigap plan to a friend or relative, 91% said they would. This 94% satisfaction level is an increase from AHIP’s previous surveys. Previously, the level of overall customer satisfaction hovered between 88% and 92%.

Medicare out-of-pocket expenses are a major concern 

The AHIP survey shows out-of-pocket Medicare costs are a major issue for seniors. When asked what their biggest concern would be if Medigap insurance was no longer available, respondents most commonly said out-of-pocket health care costs.

Facts and stats

  • 30% of survey respondents listed out-of-pocket costs as their biggest concern.
  • 16% of respondents said limiting out-of-pocket costs was what they liked most about their Medicare Supplement Insurance policies.
  • The most popular aspect of Medigap was the “financial security and peace of mind” that Medigap policies provide.
  • Most respondents also said they would not compromise coverage for lower monthly bills.
  • 76% said they would not opt for higher deductibles or greater out-of-pockets costs in exchange for lower premiums.

According to AHIP, the nationwide survey was conducted over the phone and included 500 respondents who all had self-paid (not employer-paid) Medigap policies. The respondents ranged in age from recently enrolled beneficiaries in the 65-69 bracket all the way to those 85 and older.

As you can see, most seniors who are enrolled in a Medigap plan are satisfied with their coverage. To find out which Medigap policies are available in your area, speak with a licensed agent today.

Resource Center

Compare Medigap Plans 2020

See how the 10 Medigap plans differ. Review our chart for a detailed comparison of Medicare Supplement insurance benefits and compare Medigap options where you live. Read more
Email newsletter

Sign up for more information!

Enter your email address and get a free guide to Medicare and Medicare Supplement Insurance.

By clicking "Sign up now" you are agreeing to receive emails from MedicareSupplement.com.

We've been helping people find their perfect Medicare plan for over 10 years.

Ready to find your plan?

Or chat about my options with an agent

1-800-995-4219