Medicare Supplement Plans

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Medicare Supplement plans, sometimes referred to as Medigap plans, coordinate with Original Medicare Part A and Part B to pay out of pocket charges left after Medicare has paid its portion. These charges include the 20% coinsurance and deductibles that can really add up.  You must first enroll in Medicare Parts A and Part B to meet the requirements for a Medicare Supplement plan. 

 

Private insurance companies offer Medicare Supplement Plans in your state.


Note:    Medicare Supplement plan is used to "supplement" original medicare. You cannot purchase Medicare Supplement with Medicare Advantage (MA) plans.  


Why choose a Medicare Supplement

A key benefit of Medicare Supplement Plans is improved budgeting and minimizing your risk of unexpected health care costs.  Original Medicare covers a lot, but can leave significant costs for you to cover "out of pocket" as well.   


Under original medicare, (PartA) hospital costs can get high very fast -- even when you are only paying 20 percent of the total cost.  Medicare Part A also requires a per "benefit period" deductible (currently $1,364).  This is not an annual deductible.  You can have multiple benefit periods (separate deductible amount each) within a calendar year.   


Even without a hospitalization event, the 20 percent co-insurance and co-pays for your regular (Medicare Part B) doctors and health care services can add up.   

 
A Medicare Supplement Plan can easily pay for itself. 



The reference information shown on this page can also be found at  www.medicare.gov.