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 person.as 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.