Medicare Supplement aka Medigap is private health insurance that helps supplement Original Medicare. This means it helps pay some of the health costs that Original Medicare doesnt cover (like co-payments, co-insurance, and deductibles). These are "gaps" in Medicare coverage.
If you have Original Medicare and a Medigap policy, Medicare will pay its share of the Medicare -approved amounts for covered costs, and then your supplement pays it shares. For more information you can have an agent contact you today.
Supplements are different from a Medicare Advantage plan, because advantage plans are ways to get Medicare Benefits, and supplements "supplement" the cost of original medicare.
All supplements must follow federal and state laws designed to to protect Medicare Recipients. Most states only allow insurance companies to sell standardized coverage identified with the letters A thru N. Each policy must offer the basic standardized benefits regardless which insurer sells it. Cost is typically the only difference between supplement policies with the same letter sold by different insurers. For more information you can have an agent contact you today
What do supplements cover?
Insurers selling supplements are required to make Plan A available. If they offer any other plans they must also offer Plan C and Plan F. not all plans are available in all 50 states.
*** Starting January 2020, supplement plans will not be allowed to cover the Part B deductible, therefore plans C and F will no longer be available. If you are signed up before January 1 2020, you will be able to keep your plan.