Understanding Medicare Supplement Plans (aLSO KNOW AS Medigap)

Medicare Supplement Insurance, or Medigap, is private insurance designed to help pay certain out-of-pocket costs that Original Medicare (Parts A and B) doesn't fully cover. Medigap plans work alongside Original Medicare and can help make healthcare expenses more predictable.

Medigap Plan Options

• Medigap plans are standardized by letter. Depending on your eligibility and location, available options may include:

A • B • C • D • F • G • K • L • M • N

• Some plans are also available in high-deductible versions, including High-Deductible Plan F and High-Deductible Plan G.

• Important: Plans C and F generally aren't available to people who became eligible for Medicare on or after January 1, 2020.

What Can a Medigap plan Help Cover?

Depending on the plan, Medigap may help pay for:

• 🏥 Part A hospital coinsurance and costs

• 👨‍⚕️ Part B coinsurance or copayments

• 💵 Certain Medicare deductibles

• 🏥 Extended hospital costs

• 🌎 Certain foreign travel emergency expenses

What a Medigap PLAN Doesn't Cover

Medigap generally does not cover:

• Prescription drugs

• Routine dental

• Routine vision

• Hearing aids

• Long-term care

If you choose Original Medicare and Medigap, you may also want to consider a separate Part D prescription drug plan.

Plan G & Plan N

• Plan G offers broad coverage and is one of the most popular Medigap options. It generally covers Medicare-approved cost-sharing except for the Part B deductible.

• Plan N can have a lower premium than Plan G but generally requires certain co-payments and may have additional out-of-pocket costs.

Your Medigap Open Enrollment Period

• Your 6-month Medigap Open Enrollment Period generally begins when you're 65 or older and enrolled in Part B.

• This period provides important protections when purchasing a Medigap policy and is an important time to compare your options.

Need Help Comparing Plans?

I can help you compare Medigap plans, companies, premiums, and coverage options available in your area. Call 330-716-1368 for a no-cost, no-obligation Medicare consultation.

Plan availability, premiums, benefits, and underwriting rules vary by plan, company, location, and individual circumstances. We do not offer every plan available in your area.