Medicare Supplement Insurance

Medicare Supplement Insurance policy helps cover out-of-pocket health care expenses Medicare may not, providing you with more coverage and confidence in the years to come.

How Medicare Supplement Insurance (Medigap) Policies Work with MA Plans

Medigap policies help fill in the gap in Original Medicare. These policies are sold by private companies and will help bridge expenses for deductibles, copayments, and coinsurance costs.

However, as of January 1, 2020, Medigap plans sold to new people with Medicare aren’t allowed to cover the Part B deductible. Due to this change, Medigap Plans C and F are no longer available to new Medicare beneficiaries starting on this date. If you already have coverage under Plans C and F, you can keep your plan.

Learn more about Plan F vs. Plan G here.

A Medigap policy is different from an MA plan. Those plans are ways to get Medicare benefits, while a Medigap policy only supplements your benefits from Original Medicare.

You can’t own both a Medigap and a MA plan at the same time. So, you need to decide which one provides benefits more suited to your needs and buy accordingly if you’re looking for enhanced coverage.

Medigap policies sold after January 1, 2006 aren’t allowed to include prescription drug coverage. If you want prescription drug coverage, get a MA plan that includes prescription drug coverage or a separate Part D plan.

Also consider that Medigap policies generally don’t cover vision or dental care, long-term care, hearing aids, eyeglasses, or private-duty nursing.

Policy choices and coverages can be confusing, so it’s best to have an idea of what kind of coverage you want and then work with a licensed agent to help you find the best plan for your situation.

More About Medicare Supplement Insurance