Medicare Supplement Plans (Medigap Insurance) | GoMedigap

Medicare Supplement Plans

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Once you’re on Medicare, you may start looking for ways to supplement your Medicare coverage. By now, you probably know that Medicare only covers 80% of your qualified medical bills after deductibles and copays, leaving you responsible for large out-of-pocket payments. Thankfully, Medicare Supplement plans, also known as Medigap plans, protect you from the gaps in your Medicare coverage.

To make it simple, Medicare Supplement plans cover the leftover 20% that Medicare doesn’t cover, and can be the difference that allows you to afford quality healthcare, while still leaving some of your nest egg for yourself.

After knowing the basics of what a Medicare Supplement plan does, it’s important to know how to compare them.

How Do I Compare Medicare Supplement Plans?

Medicare Supplement plans vary in coverage, with each coverage level categorized by a letter. The different plans range from the plan letter A through the plan letter N. Think of the different Medicare Supplement plans like gas prices. You might get gas at one station for $2.15 per gallon and at another for $2.30 per gallon. They’re the exact same product—but different companies. This is how Medicare Supplement plans work. If you get a Plan G at one company, you’ll get the same coverage as you would at another company. The main difference will be the price. Choosing the right plan letter for you will be one of the most important parts of choosing coverage. The chart below shows how to compare the different plans.

Medigap Plan Comparison Chart 2019

As mentioned, once you choose the plan letter you like, every carrier will offer you the same benefits, coverage, and claims-paying process. The only thing that the providers can determine is how much to charge you, and in some cases, whether or not to accept your application. To avoid getting overcharged, we recommend that you work with an expert that represents a variety of trusted carriers to ensure that your application is accepted, and to avoid getting over-charged.

What Is the Best Medicare Supplement Plan?

It’s almost impossible for us to guess which plan will be the best for you. The best Medicare Supplement plan for you will change based on your needs. For example, if you don’t have many doctor visits during the year, you may be able to save money by selecting a plan that doesn’t cover copays.

There are 10 plans available, but we find that our clients tend to prefer 3 plans in particular. For most of our clients, the best Medicare Supplement plans are:

 

Other Medigap plans are:

 

*It’s important to remember that Medicare Supplement Plan F and C will not be available to anyone that becomes eligible for Medicare after December 31st, 2019. Instead, the plan that will offer you the highest level of coverage is Medicare Supplement Plan G. But don’t worry, Plan G is very similar to Plan F. The only difference is that with the Plan G you will have to pay the Part B deductible. If you are not eligible for Plan F, you should consider Plan G or Plan N.

How Much Do Medicare Supplements Cost?

Medicare Supplement costs, or premiums, depend on a variety of factors.  Your age, zip code, and tobacco-use status, as well as carrier-specific discounts might determine what you pay for your insurance. Carriers might also charge a different premium for each plan letter; however, a lower-coverage plan may not necessarily be less expensive.

What Carriers Offer Medicare Supplement Plans?

To give our clients the best experience, we represent over 30 companies. Thousands of seniors trust us to help them compare rates from multiple companies, and to take the hassle out of shopping.  A few of the carriers we represent include:

Whether you are about to start Medicare, or have been on it a while but are reevaluating your coverage options, it’s helpful to work with an expert. Our agents are licensed to assist you in finding the quality coverage that works for you. We are here to help you through the application process, and for every year after. For any additional questions, please feel free to call us at (866) 894-3258 whenever you’re ready. We can’t wait to serve you.

Compare Your Medicare Supplement Rates Immediately!

26 Replies to “Medicare Supplement Plans”

    1. Hi Mr. Smith,

      Thank you for your questions.

      We do not sell Medicare Part D plans, and for what we feel is a very good reason. GoMedigap sells Medicare supplement plans and Dental, Vision and Hearing plans. We made a decision not to sell the part D policies as, unlike Medicare supplements, it’s difficult to represent all the companies available in each state we serve. We want to ensure our clients have every plan available to them to ensure you get the best coverage that will minimize your costs as much as possible.

      Many agents who sell Medicare part D tend to represent between 1-3 Medicare Part D companies when there are often dozens of companies available in each state. So, the plans the independent Part D agent might offer you might not be the best coverage for your particular situation. It would work if it’s a part D. It just might cost you more. Sometimes significantly more.

      So, rather than selling Part D plans, we will guide our clients in using the Medicare Prescription Part D Drug Plan Finder tool on http://www.Medicare.gov. This is the most comprehensive tool available for determining which Part D drug plan is most likely to save you the most money. We can help our clients narrow down their best options to 2-3 plans and let them choose their preferred coverage and then provide them with the contact information for the Part D insurance plan they prefer.

      If you would like help shopping for a Medicare supplement and Part D, one of our friendly and knowledgeable GoMedigap agents would be glad to help you with that process. If you’re interested, please fill out this form, or give us a call at (800) 310-2550. Have a great day!

        1. Hi Ms. Beckert,

          Medicare nor Medicare supplements cover your typical dental, vision and hearing exams and expenses. GoMedigap has a dental, vision and hearing policy that is the perfect add-on to Medicare.

          The plan has affordable premiums, as low as $31 per month. Additionally, it allows you to use your own provider because it is an indemnity plan. It covers two dental cleanings per year, plus glasses, contacts, hearing aids, and more.

          To learn more about this affordable DVH policy, please visit this page: Dental, Vision and Hearing Coverage

          Or, give us a call at 800-310-2550 and one of our agents will be happy to answer any questions and help you obtain this coverage. Have a great day!

  1. I have a Medigap Plan F with Aetna but my friend told me I could probably get a lower rate for a Plan G. Can I switch plans or am I locked into my Plan F?

    1. Hi Sarah,

      Yes, when we research rates for our clients, sometimes we find that they could save a significant amount of money by switching to a Plan G due to the lower monthly premium. Although Plan G does require that you pay the Part B deductible, the lower premium often covers that, and our clients will still save money.

      You can change your Medigap plan any time during the year. When you switch Medigap plans, you will have to go through medical underwriting.

      GoMedigap specializes in finding the best coverage for our clients at the lowest rate through our proprietary quoting system. Because we independently represent over 30 of the top providers, our agents are able to provide honest guidance for your unique situation. If you’d like help shopping the market today, please give us a call at (800) 310-2550. I’m confident you’ll be glad you did!

  2. I see that plan f also has a high deductible option. will this give me a cheaper payment each month? i want the full coverage but not the higher plan f monthly payment.

    1. Hi Chris,

      While it is true that Plan F does have a high deductible option with lower premiums, this does not mean that it will be cheaper for you in the long run. With a High-Deductible Plan F, you must pay for Medicare-covered costs (coinsurance, copayments and deductibles) up to the deductible amount ($2,200 for 2017) before your policy will pay for anything. Once you meet the deductible, you have regular Plan F full coverage.

      Because of the high deductible, High-Deductible Plan F has a much lower premium than the regular Plan F. However, this comes at the potential cost of the $2,200 deductible should you need any serious medical attention.

      A less expensive option for you could be a Plan G or Plan N. These plans still offer coverage but at a lower premium. For more information on Plan F vs. High-Deductible Plan F, please visit this blog post.

      To compare your options and find a plan that offers you the coverage you need at a lower premium, please fill out this form or give us a call at (800) 310-2550, and one of our agents will be readily available to research all available options for you and advise you on which plan will offer you the most savings. We look forward to hearing from you soon!

  3. I have a Genworth supplement plan and have moved to NY. Will my Genworth plan cover the Silver Sneakers programs that seem to be around here?

  4. My wife and I are both turning 65 in December. Will a Plan F cover everything for us? Would are generally healthy for our age, but would like no out-of-pocket expenses in the case of a major medical event.

    Thank you.

    1. Mr. Gene,

      Yes, a Medicare Supplement Plan F covers the all of the gaps in Medicare-approved expenses. Basically, all you will pay for is the premium. Then, for any Medicare-approved expenses, you will owe nothing out-of-pocket.

      If you’d like to shop the market for you and your wife, we would be happy to help you. Because Medicare supplements are standardized, there’s no need to overpay for your coverage. Our expert agents can view your rates from 30+ top providers in order to make sure you are getting the best price for your Plan F. If you’d like, give us a call at (800) 310-2550, and we’ll be happy to help.

    1. Hi Ms. Garcia,

      The High-Deductible Plan F is identical to the regular Plan F, with one important difference. With Plan F, you have full coverage of all deductibles, coinsurance, copays and excess charges from day one. With a High-Deductible Plan F, you are first responsible for the $2,200 in medical expenses each year before the Plan F benefits begin. Once you reach the $2,200 out-of-pocket deductible, you have full Plan F coverage.

      Because of the high deductible, the monthly premium is much lower than the regular Plan F. However, this comes at the potential cost of the $2,200 deductible should you need any serious medical attention.

      In order to better understand all options available to you, and find a plan that best suits your needs, I recommend that you give us a call at (800) 310-2550. Our agents will be readily available to explain everything to you so that you fully understand all of your options before you choose a Medigap plan. We look forward to speaking with you soon.

    1. Hi Ms. Linda,

      Medicare supplement plans do not cover prescription drugs. Medicare Part D covers that. While we do not sell those plans, we certainly help our clients shop for that. Give us a call at (800) 310-2550, and we’ll be happy to help you.

    1. Hi Ruth,

      Your eligibility for a Medicare supplement plan depends on many different things – including your current and past health conditions. You will not qualify for a Medicare supplement while you are in a skilled nursing facility. I’d recommend that you begin your search once you are no longer living in the SNF.

      If you have any additional questions, please call us at 800-310-2550. Our agents will be happy to explain your options to you. Have a great day!

    1. Hi Ms. Price,

      All of our agents are licensed with AARP, as well as many other Medicare supplement companies. If you’d like to speak with one of our professional representatives, please call us directly at (800) 310-2550. Or, you can enter your information online to view your Plan F rates immediately by following the link below:
      View Medicare Supplement Plan F Rates

      Please let me know if you have any additional questions. Have a great day!

    1. Hi Kristie,

      An indemnity plan is one that pays you (in cash) a predetermined amount of money for any qualified medical services you receive. Major medical insurance (like Medigap plans) pay for all or a percentage of covered expenses after you meet certain deductibles, copays or out-of-pocket costs. And often, the payments the insurance company makes for you are made directly to the health care providers.

      Indemnity plans work differently. It pays you a certain predetermined amount for health care expenses specified in the plan. There are no deductibles to meet. You simply submit a claim for a qualified expense, and you are paid the amount the plan specifies for that service. The money is fixed and comes to you to use as you want.

      I hope this helps. If you have more questions about Medigap insurance, please feel free to reach out to us directly at info@gomedigap.com, or by calling us at (800) 310-2550. Have a great day!

    1. Hi Alan,

      Part B excess charges depend on the provider. Typically, if you go to a provider that accepts Medicare assignment, they agree to bill you the Medicare-allowable rate. However, some providers do not do this, and can bill you up to 15% more than the Medicare allowable amount on their services. This is considered an excess charge.

      If you are concerned about excess charges, we might recommend a Medicare supplement plan. Some plans, such as Plan F and Plan G, can cover excess charges in full.

      I hope this answers your question! If you have any more, please feel free to reach out. We can be contacted at (800) 310-2550. Have a great day!

  5. My Wife and I have the J plan with Bankers Life and the agent from Bankers Life is wanting us to switch to the F plan

    Would switching be a good Idea. What are we giving up and what is the advantage of the f plan over the J plan

    1. Hi Nick,

      That’s a great question. The only advantage to switching to a Plan F, is if the Plan F premiums are lower. Medicare made some of the benefits of Plan J redundant, so your coverage should not change. Many of our clients are switching to Plan G, as it is typically the most cost-effective plan with great coverage. If you are considering switching plans to save money, you should shop carriers as well. Medigap plans are standardized, but each carrier can charge a different rate. If you have any questions or would like to learn more, give us a call at (800)310-2550, and one of our agents will be happy to help.

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