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.

Contact us to learn more about the right Medicare Supplement Insurance coverage for you.

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PBC Insurance Group

9010 Alister Blvd. East
Palm Beach Gardens, FL 33418
Phone: (561) 633-9248

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