What is Medicare Supplement InsuranceIf 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 standardized plans. However, plan premiums vary by company, plan type and location.

More details:

  • Open Enrollment Period for a Medigap plan begins the month you turn 65 and enrolled in Part B
  • Enrollment period is six months long
  • Companies must sell you a policy within the Open Enrollment Period (OEP)
  • Restrictions apply to policies sold outside of the OEP

Read Next: When to Enroll in Medicare Supplement Insurance
Learn more: Know Your Medicare Supplement Rights
Return to: Medicare Supplement

YourMedicare.com takes pride in providing you as much information as possible concerning your Medicare options, but only a health insurance broker licensed to sell Medicare can help you compare your plan options from various insurance companies. When you’re ready, we recommend you discuss your needs with a YourMedicare.com Licensed Sales Agent.