Finding the right Medicare Supplement insurance plan can be difficult. First, you must choose from a variety of plan options that offer a range of different benefits. Then, you have to call from insurer to insurer to find the company with the best price for the plan you want.
But there’s an easier way to compare plans and prices.
With MedicareSupplement.com, you can get quotes from multiple companies at once. No more calling around from insurer to insurer. Just submit a single quote request and let MedicareSupplement.com do the searching for you.
What is Medicare Supplement insurance?
Medicare covers many health services, but it doesn’t cover everything. Medicare Supplement insurance (Medigap) helps pay for some of those uncovered costs.
It is a private form of insurance that covers some Medicare out-of-pocket costs such as deductibles, co-payments, and co-insurance — which in some cases can add up to thousands of dollars in out-of-pocket costs a year.
There are 10 standardized Medigap plans offered in most states. Each plan is named with a different letter and offers a different combination of benefits.
Medicare Supplement insurance benefits by plan
All plan options and their benefits are listed in the chart below. A check mark means the plan covers 100% of the cost of the benefit.
|Medicare Supplement Benefits||A||B||C||D||F1||G||K2||L3||M||N4|
|Part A co-insurance and hospital costs||✓||✓||✓||✓||✓||✓||✓||✓||✓||✓|
|Part B co-insurance or co-payment||✓||✓||✓||✓||✓||✓||50%||75%||✓||✓|
|First 3 pints of blood||✓||✓||✓||✓||✓||✓||50%||75%||✓||✓|
|Part A hospice care co-insurance or co-payment||✓||✓||✓||✓||✓||✓||50%||75%||✓||✓|
|Co-insurance for skilled nursing facility||✓||✓||✓||✓||50%||75%||✓||✓|
|Medicare Part A deductible||✓||✓||✓||✓||✓||50%||75%||50%||✓|
|MedicarePart B deductible||✓||✓||✓|
|Medicare Part B excess charges||✓||✓||✓|
|Foreign travel emergency||80%||80%||80%||80%||80%||80%|
|1. Plan F offers a high-deductible plan. This plan requires you to pay a $2,300 deductible in 2019 before it covers anything. 2. Plan K has an out-of-pocket yearly limit of $5,560 in 2019. After you pay the out-of-pocket yearly limit and yearly Part B deductible, it pays 100% of covered services for the rest of the calendar year. 3. Plan L has an out-of-pocket yearly limit of $2,780 in 2019. After you pay the out-of-pocket yearly limit and yearly Part B deductible, it pays 100% of covered services for the rest of the calendar year. 4. Plan N pays 100% of the Part B coinsurance, except for a copayment of up to $20 for some office visits and up to a $50 copayment for emergency room visits that don’t result in an inpatient admission.|
For help choosing a plan, call 1-800-966-9487 to speak with a licensed agent.
Why is comparison shopping important?
Comparison shopping is important because two different insurance companies could charge you a different price for a plan with the same benefits. For example, every Plan C policy provides the same benefits, but two insurers may charge you very different prices for a Plan C policy.
Comparing plan prices from multiple insurance carriers helps ensure that you get a competitive rate for the plan you want.
How do you compare plans and buy a policy?
You can call around to multiple companies and get different Medicare Supplement insurance quotes, or you can submit a quote request through MedicareSupplement.com. MedicareSupplement.com makes the comparison process easier by bringing together some of the top insurance carriers in the nation in one platform.
Simply submit a quote request to get started. If you already know which plan you want, we’ll help you find a competitive price for it. If you still need help deciding on a plan that’s right for you, we’ll walk you through the entire process and help you find a plan that suits your needs and budget.