What are Medicare Supplements?

Medicare Supplement plans, also known as Medigap, are policies that help pay for the excess charges left over by Medicare. These costs are things like your deductibles and coinsurance.

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What is Medicare Supplement Insurance?

Medicare Supplement plans, or Medigap, are insurance policies sold by private insurance companies that are licensed to sell Medicare plans. They help you pay for out-of-pocket costs for services covered under Medicare Part A and Part B. These costs include deductibles, coinsurance, copayments, hospital costs after Medicare pays its share, skilled nursing facility costs, and more. Some Medicare Supplement insurance plans even include coverage for medical services while traveling outside the United States.

What are the Different Plans?

Different Medicare Supplement plans are labeled with a different letter between A through N. Medicare Supplements feature different benefits. However, each plan must have the same standardized coverage no matter which insurance company you purchase the plan from.

Some Medicare beneficiaries want a plan that covers everything so they don’t have to worry about out-of-pocket expenses. Others simply want some of their deductibles and copays paid for but are mostly worried about low premiums. Ultimately, the choice is up to you.

Which Medicare Supplements Have the "BEST" Coverage?

Since everyone's needs are different, there is no true "best" plan out there. Many people view insurance and budgeting in a different light which is why there are many options that are not going to be better for one person but not the next be a one-size fits all plan. We are here to explain your choices and let YOU decide what is best for yourself. That said, these are the most common and available plans today.

Plan F

The gold standard for comprehensive coverage — but no longer available to those new to Medicare on or after January 1, 2020. If you qualified before that date or already have Plan F, you may still be eligible to keep or purchase it.

Plan G

The second-most comprehensive option available today. The only out-of-pocket cost is the annual Part B deductible ($240 in 2024). Lower premiums than Plan F, which can mean real savings over time for many beneficiaries.

Plan N

Similar to Plan G but with copays up to $20 for office visits and up to $50 for emergency care. A popular choice for those who want solid coverage while keeping premiums a bit lower.

Innovative G Plan

A cost-efficient alternative built on Plan G coverage. Designed for those who want to keep monthly premiums low while still having meaningful protection against major medical expenses.

High-Deductible Plans

The most budget-friendly option in terms of monthly premiums. You'll carry more out-of-pocket exposure in the event of a major medical event, but for those in good health who rarely use their coverage, this can be a smart financial choice.

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Choosing between Medicare plans can be confusing. Our experienced team will walk you through your options and help you make a confident, informed decision. Book your one-on-one consultation today.

Five Things to Know About Medicare Supplement Plans

You must have Medicare Part A and Part B to purchase a Medicare Supplement plan.

A Medigap policy is not the same as a Medicare Advantage Plan. Advantage plans replace Original Medicare, while Medigap simply fills in the gaps alongside it.

You pay a monthly premium to the private insurer for your Medigap policy — on top of the Part B premium you already pay to Medicare.

A Medigap policy covers one person only. If you and your spouse both want coverage, you'll each need to purchase a separate policy.

It is illegal for anyone to sell you a Medigap policy if you're enrolled in a Medicare Advantage Plan — unless you're switching back to Original Medicare.

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We understand the Medicare enrollment process can be difficult to understand. This is why we strive to educate and empower our clients to make the best decisions for their health insurance coverage.