Medicare Supplement

Medicare Supplement Plans, also known as MediGap plans, are health insurance policies offered by private companies to individuals enrolled in Medicare Parts A and B. These plans help cover certain out-of-pocket expenses such as deductibles, coinsurance, and copayments that are not covered by Original Medicare. MediGap plans are widely accepted nationwide by healthcare providers that accept Medicare.

It’s important to remember that MediGap policies are sold by private companies and not administered by Medicare. Medicare pays its approved covered health care costs first, and then your MediGap policy pays its share. When you receive medical care, you will need to provide both your Medicare card and your MediGap card.

Here are some key points to keep in mind about MediGap policies:

  • You must maintain your enrollment in Medicare Part A and Part B.
  • MediGap policies do not include Prescription Drug Plans.
  • MediGap policies are not Medicare Advantage Plans.
  • Your MediGap premium is in addition to your Medicare Part B premium.
  • Guaranteed renewal is available as long as you pay your MediGap premiums.
  • You cannot have both a MediGap policy and a Medicare Advantage Plan at the same time.
  • MediGap policies do not cover vision or dental care, hearing aids, or eyeglasses.

It’s important to note that MediGap plans vary by state, and in the states where I am licensed (Florida, Georgia, Louisiana, New Jersey, New York, Ohio, South Carolina, Tennessee, Texas, and Wisconsin), there are ten different lettered plans available (A, B, C, D, F, G, K, L, M, and N).

If you have questions or are interested in learning more about MediGap plans, please don’t hesitate to contact me. You can reach me by phone or email to schedule a time to talk.