Medicare Supplement Plans

What are Medicare Supplement Plans?

Medicare Supplement (Medigap) insurance works with Original Medicare to fill in coverage gaps – items that are not covered such as co-payments, coinsurance, and deductibles.

There are Medigap plans that cover travel outside the U.S. that is not covered by Original Medicare, usually subject to a deductible and a lifetime limit. Medicare will pay its share of the approved amount for covered health care costs.

You leave Original Medicare when enrolling in a Medicare Advantage Plan to get Medicare benefits, while a Medigap policy supplements your Original Medicare benefits.

Important Things to Know About Medicare Supplement Coverage

  • If you are enrolled in a Medicare Advantage Plan, you can apply for a Medigap policy during an appropriate enrollment period, but your Medicare Advantage Plan coverage must end before your Medigap policy begins.
  • Your Medigap policy will have a monthly premium in addition to the monthly Part B premium that you pay to Medicare.
  • A Medigap policy covers one premiums are determined by age, gender and tobacco use.
  • Medigap policies have no network restrictions, you can see any doctor, go to any hospital in any state without a referral. When comparing Medigap policies from different carriers, the benefits are identical for each plan. In other words, an F plan is an F plan; the only difference is the price.
  • Medigap policies are guaranteed renewable. The insurance company can’t cancel your Medigap policy as long as you pay the premium even if you have health problems.

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