Comparing plans

Find the Right Medicare Supplement Insurance Plan For You

Christian Worstell

by Christian Worstell | Published July 10, 2020 | Reviewed by John Krahnert

When shopping for a Medicare Supplement Insurance (Medigap) plan, you may discover that the most popular plans may or may not fit your personal health care needs and budget. Use this guide to help you determine the right plan for you and request free online quotes today.

How Medicare Supplement Insurance Works

Medicare Supplement Insurance works alongside Original Medicare (Part A and Part B) to supplement your benefits and help pay out-of-pocket costs left by coverage gaps. If you choose to supplement your benefits with a Medicare Supplement Insurance plan, Medicare will pay its share of the costs first, and then your Medigap policy pays its share.

NOTE: You must be enrolled in both Medicare Part A and Part B to be eligible to join a Medigap plan. 

Medigap Plan Types

In most states, there are 10 standardized plan types to choose from — Plan A, B, C, D, F, G, K, L, M and N. Basic benefits offered by each type of Medigap plan of the same letter are the same, although one carrier's Plan F and another carrier's Plan F may come at different prices.

NOTE: If you live in Wisconsin, Massachusetts, or Minnesota, plans are standardized differently, and have different names. 

Basic Benefits and Medicare Supplement Insurance Plans

Depending on which Medicare Supplement Insurance plan type you choose, a certain combination of Medicare-related expenses may be covered:

  • Medicare Part A coinsurance and hospital costs
  • Medicare Part B coinsurance or copayment
  • Blood (first three pints)
  • Part A hospice care coinsurance or copayments
  • Part A deductible
  • Part B deductible
  • Part B excess charges
  • Skilled nursing facility care coinsurance
  • Foreign travel emergency care

The first four benefits are included in every Medicare Supplement Insurance policy; the remaining five may or may not be. To see what basic benefits each plan type includes and to compare them side-by-side, use the chart below.

Chart showing Medigap plan benefits in 2019

Plan Pricing Can Vary Widely

Prices for the same plan type can differ from one insurance company to the next. The monthly premiums can vary widely, depending on where you live and the carrier you choose. Insurance companies also determine their own pricing structures, which affects what you pay in premiums when you first buy the policy and in the future.

There are three different ways policies can be “rated,” or priced. Some pricing systems offer more rate stability than others.

Locking In The Best Rate Possible

When you purchase a Medicare Supplement Insurance plan is an important factor in determining how much you pay. The best time to buy a Medicare Supplement Insurance policy is when you first become eligible, during your 6-month Open Enrollment Period (OEP). Your OEP begins the day you are both 65 or older and enrolled in Medicare Part B.

If you apply during your OEP, carriers must allow you to enroll in any plan you choose at the best available rate, regardless of your medical history or any pre-existing conditions. Once the open enrollment window passes, your application may be subject to medical underwriting. You could be charged higher premiums or you could be denied coverage altogether.

Get A Medicare Supplement Insurance Quote Today

For help paying your out-of-pocket medical expenses, consider extending your health care coverage with a Medicare Supplement Insurance plan. To speak with a licensed agent, call 1-800-995-4219. To learn more about Medicare Supplement Insurance, read through our Medigap comparison guide.

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
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