Medicare Supplement Plan Comparison

Medicare Supplement Insurance, often referred to as “Medigap” insurance, is designed to cover the difference between what you are billed by a medical provider and what Medicare actually covers.

Because Medicare has a cost-sharing of 80/20, Medicare beneficiaries are responsible for 20% of a Medicare-covered claim under Part B (medical insurance portion) of Medicare.  This means that if you are covered under Medicare and it is your only source of insurance, having the proper Medicare Supplement plan is a critical component.

Basic Coverage

If you are comfortable with paying out-of-pocket costs associated with Original Medicare, but would like to have an extra form of basic coverage, then Plans A and B may be right for you. While these plans do not cover all out-of-pocket expenses, they do cover copayments, coinsurance, and the first three pints of blood needed for a transfusion. Plan B also covers the Part A deductible.

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Comprehensive Coverage

If you are needing more than just a basic form of coverage, then Plans C, F, and G provide the most comprehensive coverage. However, because Plans C and F are the only plans to cover the Part B deductible, they are no longer available to new Medicare enrollees. This makes Plan G the most comprehensive plan.

Selecting from the wide variety is an important decision that is best made with the assistance of a professional. If you’re wondering what plan is best for you, call and make an appointment to speak with one of our insurance agents. We can be reached at (888) 959-1028.