What is Medigap (AKA Medicare Supplement)? | GoMedigap

Medicare Supplement

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What is Medigap?

Medicare Supplement Insurance is Medigap Insurance

Medigap is private health insurance that helps pay for health expenses (copayments, coinsurance, and deductibles) that Original Medicare doesn’t cover. It fills the gaps in Medicare coverage and saves patients from potentially high bills and excess charges.

Why Should I Get Medicare Supplement Insurance?

While Medicare provides good protection for basic health care costs, it does not cover 100% of your medical expenses. After you meet your Part B deductible ($185 in 2019), Medicare will pay for 80% of Medicare-approved health care expenses. As the patient, you will be responsible for paying the remaining 20%, which is where having a Medigap policy can help. A Medigap policy supplements the gap in coverage left by Medicare and protects you against the risk of potentially high medical bills.

Standardized Medigap Plans Help You Easily Compare Benefits & Shop Plans

There are 10 standardized Medigap plans to choose from, and they are identified by letters A through N. They are Plans A, B, C, D, F, G, K, L, M, and N. These plans are sold by many different insurance companies.

All plans that start with the same letter offer the SAME benefits, regardless of the insurance company that sells it. One of the key things to remember when shopping for a Medigap plan is that the only difference between Medigap policies with the same letter sold by different insurance companies is the COST. For example, Plan F from one company has the same benefits as Plan F from another company; the only difference between the two plans is the cost.

Compare benefits from each Medigap plan A – N in the chart below.

Medigap Plan Comparison Chart 2019

When is the Best Time to Buy a Medigap Plan?

Medigap plans are available to people who already have Medicare. You can apply for a Medigap plan up to 6 months before your 65th birthday and are enrolled in Medicare Part B. Many people choose to sign up for a Medigap plan before they turn 65 so they can avoid a gap in coverage.

Call GoMedigap for a Free Medigap Quote!

No matter what stage you are in shopping for a Medigap plan, whether you are just beginning your research or you are ready to purchase a policy, GoMedigap can help. We know how overwhelming it can be trying to figure out which plan is the best for you. Fortunately, GoMedigap has experienced, licensed insurance agents that can help you understand the different Medigap plans offered by the 30+ insurance companies we represent. We can save you time, money, and your sanity!

Our job is to educate consumers on their Medigap options. We do the nitty-gritty work to make this period of transition easier for you. Our services are completely free, and we would love to help you confidently choose a Medigap plan!

* Check out our blog post if you want more information on the benefits and advantages of working with a licensed insurance agent.

Please call us directly at (800) 310-2550 for a free quote or simply more information. You can also enter your zip code on our website for a free Medigap quote.

Compare Your Medicare Supplement Rates Immediately!

10 Replies to “Medicare Supplement”

  1. I have Medigap coverage from united healthcare, Plan J for both my wife and myself. When I read that United Health care offered to change plans from one letter to another by simply stating the Letter of the new desired plan it seemed like OK simple. I thought I understood that the Plan J and F were now equal since the introduction of Part D coverage and that the preventive care is now covered by Medicare. . But when I called United they said I would have to re-apply to them and get accepted to plan F not a simple change. they also said that Plan J provided recovery at home that F did not. Can you please tell me the straight story. Don

    1. Hi Mr. Lewis,

      When Plan J was created, it offered two benefits that Medicare didn’t cover: Preventative care and At-Home Recovery. However, over the years, Medicare has changed what they cover and now Medicare does cover preventative care and at-home recovery. Therefore, the extra benefits provided by Plan J are now duplicated and rendered unnecessary. Before Medicare now covers these two items, Plan F and Plan J perform equally, in terms of coverage.

      Regarding re-application for your Plan F, this will really depend on the insurance company – it’s up to the company to choose whether or not underwriting is required.

      At GoMedigap, our agents are independent and represent over 30 Medicare supplement companies. Because of this, we can help you navigate the insurance companies to determine which will require underwriting. To speak with one of our friendly agents, please call us directly at (800) 310-2550. Or, view your Medicare supplement Plan F rates online now.

      We look forward to speaking with you!

    1. Hi Ms. Davis,

      I have forwarded your email to him and he will be reaching out to you soon.

      Please let me know if I can be of any further assistance. Thank you!

  2. I would like to know ahead of time what my medications will cost each month with the 3 lowest companies on plan G.

    1. Hi Mr. Dickerson,

      Plan G does not cover the cost of prescription drugs. For this, you will need the stand alone prescription drug plan, Medicare Part D. With Part D, you have the freedom to choose the best coverage plan so you pay the least amount of money for your prescription drugs, and under Plan G, the copayment for your doctor’s visits will be covered.

      Please reach out if you have any more questions! One of our agents would love to talk to you about the benefits of Plan G, and if Medicare Part D is a plan that would benefit you as well. We can be reached at (800) 310-2550. Have a great day!

  3. I have BCBS Plan F. I am going to have a total knee replacement. The Dr. does not accept Medicare. Does Plan F still pay any of the doctor’s bill? What are “Plan B excess charges)?

    1. Hi Ms. Grace,

      An “excess charge” would be a charge up to 15% more than the Medicare rate. If your doctor does not accept assignment, they can charge you this rate for their services. Accepting assignment means that your doctor will accept your Medicare payment as full payment.

      A Medigap plan such as Plan F can at times cover up to 100% of these excess charges.

      However, if your doctor does not accept Medicare at all, you will not be able to use your Medigap plan.

      Hopefully this helps. If you have more questions regarding what you plan does and does not cover, you can contact us at (800) 310-2550 and we will be happy to serve you.

      Have a great day!

  4. I have AARP Medicare Supplimental Plan N . I am scheduled for cataract surgery on both eyes. My question is to what degree will Plan N Suppliment Medical Part B expenses ?

    1. Hi Stephen,

      Plan N does not cover your Part B deductible or copayments, so you will be responsible for those. In addition, if your doctor does not accept assignment, you may have to pay an excess charge. Those are rare, and the best way to check is by calling your doctor and asking if they accept assignment.

      Best of luck with you surgery!

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