Medicare Supplement Plan

What is a Medicare Supplement Plan?

A Medicare Supplement (also known as a Medigap policy) fills in the gaps of what Medicare doesn’t cover. Because it pays in addition to your Medicare benefits, Medicare Supplement insurance can help reduce the amount of money you must pay out on your own. Medicare Supplements can help cover medical expenses that original Medicare doesn’t cover.

The Basics

If Medicare does cover a service, you could still have out-of-pocket expenses you must pay such as deductibles, co-payments or coinsurance. With a Medicare Supplement Plan you pay your premiums and Part B deductible and the supplement will pay the rest of your Medical costs. A Medicare Supplement does not include a Prescription Part D plan. You would need to add one to prevent yourself from being penalized for not having a Part D plan.

Plus:

You have several options to choose from all of which offers different benefits that it covers.
It allows you to choose your own Medicare-approved hospitals — A referral is not needed by us, but always check with Medicare to see if service is covered or needs a referral.
Even if you move or travel within the U.S., your coverage stays with you.
If you have open enrollment or guaranteed issue rights, your coverage is guaranteed — there are no health questions to answer.

Know the Best Time to Buy

The best time is during your Open Enrollment Period. Generally, it begins on the first day of the month in which you turn 65 or you are enrolled in Medicare Part B (persons eligible for Medicare due to disability may also qualify for open enrollment for Medicare Supplement insurance regardless of age). It lasts for six months, and you cannot be turned down during this time. After this period, your options may be limited.

Get help when you need it

When you’re ready, talk with one of our experienced and friendly agents who can help you sort out all the details and find the best option for you.

When deciding which Medicare Supplement insurance is for you, take time to consider your health care needs. Also think about medical expenses you may be responsible for, such as deductibles, co-payments and coinsurance. One of our friendly agents can help you find coverage that is just right for you.