Medicare Supplement (or Medigap)

What is a Medicare Supplement?

Hi, you may be wondering, what is a Medicare Supplement? A Medicare Supplement, also known as Medigap, is private health insurance plan designed to supplement Original Medicare, which is Part A and Part B. A Medicare Supplement is provided by private insurance companies. Medicare Supplements help pay certain out-of-pocket costs that Original Medicare does not cover like co-payments, deductibles, and coinsurance.

With Medicare Supplement plans, there are 10 plans that are titled letters A through N. The ten plan offer different levels of coverage and different premiums. Each plan has the same benefits no matter the insurance company. However, plan premiums vary. Medicare Supplement plans do not cover prescription drugs. You must enroll in a separate Medicare prescription drug coverage to cover your medications.

Medicare Supplement plan eligibility is that you must be enrolled in both Medicare Part A and Part B, and pay your Part B premium. The Part B premium will change from one year to the next. You may enroll in a Medicare Supplement plan during your Initial Enrollment Period (IEP), a Special Enrollment Period (SEP), or during the Annual Enrollment Period (AEP).

A major advantage of a Medicare Supplement is that it can help cover the out-of-pocket costs that Original Medicare does not cover like co-payments, deductibles, and coinsurance. Also, a Medicare Supplement plan can provide more coverage for certain services like emergency care when traveling abroad. However, Medicare Supplement plan can be expensive for some and premiums usually increase with age. Importantly, you should compare costs and benefits of different plans prior to enrolling.

So, a Medicare Supplement plan is private health insurance that supplements Original Medicare. A Medicare Supplement can help pay certain uncovered out-of-pocket costs Original Medicare. And, for certain services, a Medicare Supplement plan provides more coverage. Medicare Supplement plans are provided by private insurance companies and available during the Initial Enrollment Period and throughout the year. If you are outside of your Initial Enrollment Period, you may be able to obtain covering that is underwritten or based on health questions. Some plans can be expensive. Importantly, you should compare costs and benefits of different plans before enrolling.

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North Carolina: We do not offer every plan available in your area. Currently we represent 23 organizations which offer 121 products in your area. Please contact Medicare.gov, 1‑800‑MEDICARE, or your local State Health Insurance Program (SHIP) to get information on all of your options.

South Carolina: We do not offer every plan available in your area. Currently we represent 21 organizations which offer 107 products in your area. Please contact Medicare.gov, 1‑800‑MEDICARE, or your local State Health Insurance Program (SHIP) to get information on all of your options.

Georgia: We do not offer every plan available in your area. Currently we represent 20 organizations which offer 103 products in your area. Please contact Medicare.gov, 1‑800‑MEDICARE, or your local State Health Insurance Program (SHIP) to get information on all of your options.

Tennessee: We do not offer every plan available in your area. Currently we represent 18 organizations which offer 98 products in your area. Please contact Medicare.gov, 1‑800‑MEDICARE, or your local State Health Insurance Program (SHIP) to get information on all of your options.

Florida: We do not offer every plan available in your area. Currently we represent 25 organizations which offer 152 products in your area. Please contact Medicare.gov, 1‑800‑MEDICARE, or your local State Health Insurance Program (SHIP) to get information on all of your options.

Virginia: We do not offer every plan available in your area. Currently we represent 19 organizations which offer 105 products in your area. Please contact Medicare.gov, 1‑800‑MEDICARE, or your local State Health Insurance Program (SHIP) to get information on all of your options.

Maryland: We do not offer every plan available in your area. Currently we represent 17 organizations which offer 89 products in your area. Please contact Medicare.gov, 1‑800‑MEDICARE, or your local State Health Insurance Program (SHIP) to get information on all of your options.

Kansas: We do not offer every plan available in your area. Currently we represent 12 organizations which offer 67 products in your area. Please contact Medicare.gov, 1‑800‑MEDICARE, or your local State Health Insurance Program (SHIP) to get information on all of your options.

Texas: We do not offer every plan available in your area. Currently we represent 28 organizations which offer 164 products in your area. Please contact Medicare.gov, 1‑800‑MEDICARE, or your local State Health Insurance Program (SHIP) to get information on all of your options.

Ohio: We do not offer every plan available in your area. Currently we represent 23 organizations which offer 133 products in your area. Please contact Medicare.gov, 1‑800‑MEDICARE, or your local State Health Insurance Program (SHIP) to get information on all of your options.

Michigan: We do not offer every plan available in your area. Currently we represent 15 organizations which offer 92 products in your area. Please contact Medicare.gov, 1‑800‑MEDICARE, or your local State Health Insurance Program (SHIP) to get information on all of your options.

California: We do not offer every plan available in your area. Currently we represent 33 organizations which offer 178 products in your area. Please contact Medicare.gov, 1‑800‑MEDICARE, or your local State Health Insurance Program (SHIP) to get information on all of your options.

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