If you see or hear a reference to Medigap or Med Supp, these nicknames refer to Medicare Supplement insurance.
Private companies sell Medicare Supplement policies to fill gaps in Original Medicare coverage.
While Medicare Supplement plan details are the same regardless of the insurer, plan premiums vary by company, plan type and location.
Medicare Supplement FAQ’s
Medigap is Medicare Supplement Insurance. This is sold by private insurance companies. It helps pay some of the extra out of pocket costs that are not paid by Medicare. Some of these extra costs include co-payments, deductibles, and co-insurance.A few key...read more
If you hear someone mention Medigap (or Med Supp), these nicknames refer to Medicare Supplement policies. Private companies sell Medicare Supplement insurance; its purpose is to fill gaps in Original Medicare coverage. Medicare Supplement insurance offers...read more
The ideal time is during your Medicare Supplement Insurance Open Enrollment Period, or OEP. It starts the month you turn age 65 or older, and you are enrolled in Original Medicare Part B.Medicare Supplement policies cover individuals, not spouses or...read more
First, keep in mind Medicare does not cover any Medicare Supplement policy costs. You pay a second premium for a Medicare Supplement. Furthermore, Medicare Supplement plans do not cover long-term care or nursing home care. Nor do they offer the option of...read more
Before we begin, remember you must have Original Medicare Part A (hospital coverage) and Part B (medical coverage) to purchase Medicare Supplement insurance. Its purpose is to help you with costs not covered by Parts A and B.There are specific times you...read more
There are 10 Medicare Supplement plan types. Letters of the alphabet identify the various plans, and each plan represents a particular level of coverage.Here is something you probably did not know: cost is all that separates one company’s Medicare...read more
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...read more