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For Life's Unexpectedness

Medicare Supplemental (Medigap)
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A Medicare Supplement Insurance (Medigap) policy is health insurance that can help pay some of the health care costs that Original Medicare doesn’t cover, like coinsurance, copayments, or deductibles.
With a supplemental health insurance plan, you get extra protection that helps pay for covered accidents and unexpected critical illnesses. This coverage also can help you pay for those other non-medical expenses that go along with an injury or serious illness.
Medicare Supplemental Insurance

FAQ.

Medicare Supplement Insurance covers common gaps in Medicare’s standard insurance plans. People who apply for Medigap coverage must take part in Medicare Parts A and B. Medigap plans supplement, but do not replace, primary Medicare coverage. The Medigap Open Enrollment Period (OEP) is six months from the first day of an individual’s 65th birthday month. These plans may also have open enrollment for six months after signing up for Part B coverage. There are 10 Medigap plans, from Plan A to Plan N.

Medigap covers the “gaps” of Medicare Part A and Part B, including things like copayments, coinsurance, and deductibles. Medigap typically does not cover prescriptions, vision, hearing, dental, or long-term care.

Medicare Supplemental plans generally include:

  • Deductibles for Part A and Part B coverage
  • Coinsurance payments to hospitals and hospice care
  • Coinsurance and copays for Part B coverage
  • Coinsurance for skilled nursing facilities
  • Three pints of blood for medical procedures
  • 80% of the approved cost for foreign travel emergency coverage

After you are signed up for Medicare Part A and Part B, you can look into getting Medigap. The open enrollment period for Medigap automatically starts the first month you have Medicare Part B, as long as you’re at least 65 years old. It is important to purchase Medigap during the open enrollment period, or it might become unavailable to you or overly expensive.

After six months, Medigap will cover your costs for preexisting conditions. Sometimes, during the first six months of coverage, individuals will be required to cover their own costs.

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