Medicare Basics: Medigap

Medicare Supplement Plans

• Offered by private insurance companies

• Supplements Part A and B benefits and may cover all deductibles and coinsurance depending on the Medigap policy

• 10 standardized plans by the government so essentially the only difference between carriers is the price. The medical coverage is exactly the same

• Covers visits to any provider in the country that accepts Medicare

• Does not include Part D prescription drug coverage

Medigap plans have a monthly premium in addition to your Part B premium. These plans help limit your out-of-pocket costs and give you the freedom to see any doctor that accepts Medicare. You will have to buy Part D coverage separately.

"Now that I understand my Medicare options, when can I enroll" 

Election Periods: These apply to Medicare Advantage (Part C) or Medicare Prescription Drug plans (Part D).

Medicare Supplement plans are open for enrollment year-round, but if you are not new to Medicare Part B, you may be denied coverage for a preexisting condition. 

For the most up-to-date information on Medicare please schedule a strictly educational, no-cost consultation using the link below. You’ll speak with a Medicare advisor who is knowledgeable on all plans.