About Medicare Supplement Plans

The 10 plans are A, B, C, D, F, L, K, G, M and N.To sell a person Medicare Supplement insurance, an insurance agent must be licensed to do so in that state.What’s more, insurance companies must offer Plan A if they want to offer any Medicare Supplement plans. They...

What Are Medigaps?

Medicare supplement insurance policies, commonly called Medigaps, are health insurance policies that offer standardized benefits to work with Original Medicare (not with Medicare Advantage). They are sold by private insurance companies. If you have a Medigap, it pays...

What Costs Do Medigaps Cover?

Some costs are covered by all Medigaps. These include:Part A hospital coinsurance. All Medigap policies pay for the Part A hospital daily coinsurance charge for days 61 through 90 that you spend as a hospital inpatient during a benefit period, as well as the daily...

What Happened to Medigap plans E, H, I, and J?

These Medigap plans were available before June 1, 2010 and are no longer sold. If you already have one of these plans, you can keep it in effect as long as you continue to pay premiums. The insurer must continue to renew the discontinued Medigap policy each year.Read...

How Much Do Medigaps Cost?

Medigap policies have a monthly premium. Policies with the same letter name offer the same benefits, but premiums vary from company to company. For example: Company 1 might sell Policy A for $115, while Company 2 sells Policy A for $245. Since both have the same...

When Can I Purchase a Medigap?

If you wish to purchase a Medigap policy, you need to find out the best time to buy one in your state. In most states, insurance companies must sell you a policy at certain times and if you meet certain requirements. If you miss your window of opportunity to buy a...