Medicare Supplement Plans
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What Is a Medicare Supplement Plan?
Medicare Supplement (Medigap) plans work with Original Medicare Parts A and B to help cover certain out-of-pocket costs, including deductibles, copayments, and coinsurance.
Types of Medigap Plans
Medigap plans are standardized by letter, so benefits are consistent regardless of carrier, although premiums may vary. Popular options include Plan G and Plan N, while Plan F is available only to those eligible for Medicare before January 1, 2020.
Key Features of Medigap
Medigap plans can provide more predictable healthcare costs and greater flexibility. Benefits may include:
- Help with out-of-pocket Medicare costs
- Freedom to use providers who accept Medicare
- Guaranteed renewable coverage
- Foreign travel emergency benefits with certain plans
Enrollment & Choosing a Plan
Your six-month Medigap Open Enrollment Period begins when you enroll in Medicare Part B and generally provides important guaranteed issue protections. After this period, medical underwriting may apply unless you have other guaranteed issue rights.
When choosing coverage, compare plan benefits, premiums, and your healthcare needs to find the right fit.
Medicare Supplement Frequently Asked Questions
Can I have both Medigap and Medicare Advantage?
No. You can enroll in one or the other, but not both. Medigap is an addition to Original Medicare, while Medicare Advantage combines Parts A and B of Original Medicare, often with some added benefits.Does Medigap include prescription drug coverage?
No, you’ll need a separate Part D plan for prescription drugs.Can I switch Medigap plans later?
Yes, you can apply for a switch in plans or carriers at any time, but unless you qualify for a special enrollment period, you may be subject to a medical review. In this case, existing health conditions could result in higher premiums, waiting periods, or denial.