What Is a Medicare Supplement Insurance Plan?

A Medicare Supplement Insurance plan (also called Medigap) can help cover some of the out-of-pocket health care costs that Original Medicare doesn't, such as copays and deductibles. Each type of plan offers a different combination of basic health insurance benefits.

Use the following guide to compare Medicare Supplement Insurance plans and find the policy that best fits your health care needs.

Medicare Supplement Insurance Plans

Medicare Part A and Part B both require deductibles and coinsurance or copays. Medigap plans help beneficiaries fill in these cost "gaps" that can add up to potentially large dollar amounts.

The chart below lists the basic benefits offered by each type of Medigap plan.

2017 Medigap Plans Chart

Medigap Plan F Is the Most Popular

Medicare Supplement Insurance Plan F is the most popular Medigap plan, largely because it offers the most comprehensive range of basic benefits. Plan F is the only Medigap plan that covers all nine of the basic Medigap benefits, including the Medicare Part B deductible and Part B excess charges.

Medigap Plan F will no longer be available for purchase after 2020. But if you've purchased the plan before that time, it will remain in effect.  

How Much Do Medigap Plans Cost?

Each of the ten types of Medigap plans are different, designed to give beneficiaries multiple options. The rates for different plans will vary. The important thing to remember is that the basic benefits are standardized by Medicare. No matter where you buy Medigap Plan G, the basic benefits have to be the same.

Shop around for the best plan rates. Connect with a licensed agent to compare plan costs by calling 1-888-264-0148.

Do Medigap Plans Cover Pre-Existing Conditions?

The best time to buy a Medicare Supplement Insurance plan is during your Medigap open enrollment period. During your open enrollment period, insurance companies cannot consider any pre-existing conditions when deciding whether or not to offer you a policy. They also cannot charge you more for a Medigap plan based on pre-existing conditions.

Your Medigap open enrollment period only lasts for six months. It begins as soon as you are at least 65 years old and enrolled to receive Medicare Part B benefits.

If you need help understanding the basic benefits for any policy, there are state specific agencies that offer free assistance to help answer your questions.  

Once you compare the basic benefits available through Medicare Supplement Insurance plans, connect with a licensed agent to buy the right plan for you.

Speak with a licensed agent at 1-888-264-0148. 

----------
Sources:

SHIP Technical Assistance Center: www.shiptacenter.org/

Medicare.gov: www.medicare.gov/supplement-other-insurance/when-can-i-buy-medigap/switching-plans/switch-medigap 

Compare Medicare Supplement Plans in Your Area

Related Information

Guide to Medicare Supplement Plans

Medicare Supplement Insurance plan costs will vary based on provider, location and your age. Learn more and compare free Medigap plan quotes.

Read More

Medicare Supplement Insurance Plan C: An Overview

Not to be confused with Medicare Part C (Medicare Advantage), Medicare Supplement Insurance Plan C helps pay for some of your out-of-pocket Medicare costs.

Read More

Medicare Supplement Insurance Comparison Guide

Medicare Supplement Insurance (Medigap) plans offer basic benefits that cover certain out-of-pocket health insurance costs. Learn more and find the best plan.

Read More

Find a Medicare Supplement Insurance Plan

Medicare Supplement Insurance (Medigap) can help pay for some of Medicare’s out-of-pocket costs, including deductibles, copayments and coinsurance.

Read More

Definition of Medicare Supplement Insurance (Medigap)

Medicare Supplement insurance (Medigap) can help cover copays, coinsurance and deductibles that Original Medicare does not. Here's what you need to know.

Read More

Comparing Parts of Medicare and Medigap Plans

Compare Medicare Supplement Insurance plans (Medigap) to see how they can help cover some of Original Medicare's out-of-pocket costs.

Read More

Understanding Medigap Plan G

Learn about Medicare Supplement Insurance Plan G benefits and how they compare to other Medigap plans.

Read More

Medicare Supplement Insurance Plans in 2017

Compare Medigap plan benefits to find the best Medicare Supplement Insurance plan option for you in 2017. Get free policy quotes today.

Read More

Get a Free Quote for Medicare Supplement Plans

How much can you expect to pay for a Medicare Supplement Insurance plan? Find out by getting your free quote today.

Read More