Medicare Supplement

Medicare Supplement Plans are health insurance plans offered to consumers enrolled in Medicare Parts A and B. These plans, also known as MediGap, help cover certain out-of-pocket costs that Original Medicare doesn’t cover.  Think of copayments, coinsurance and deductibles.  MediGap plans are accepted nationwide by doctors and hospitals that accept Medicare.

So remember: Medigap policies are not administered by Medicare, they are sold by private companies.  Medicare pays their approved covered health care costs and then your MediGap policy pays its share.  When you go to pay your hospital or doctor, you will need to provide both your Medicare card and your MediGap card.

Important things to remember: 

  1. You must maintain your Medicare Part A and Part B.
  2. New MediGap plans do not include Prescription Drug Plans.
  3. A MediGap policy is NOT a Medicare Advantage Plan.
  4. Your MediGap premium is in addition to your Medicare Part B premium.
  5. As long as you pay your MediGap premiums, you enjoy guaranteed renewal.
  6. You cannot have both a MediGap policy and a Medicare Advantage Plan at the same time.
  7. MediGap policies don’t cover vision or dental care, hearing aids or, eyeglasses.

As I mention throughout my web site, I am licensed in the following States: Florida, Georgia, New York, South Carolina and Texas. In these States, MediGap Plans are identified by ten different letters. Plans A, B, C, D, F, G, K, L, M and N.

Call me or email me to schedule a time to talk.