Verna Knight, MBA

Licensed Insurance Agent

Medicare Supplement plan (aka Medigap)

What does it mean when we say, Medicare Supplement Plan? Is it different from Original Medicare? To Medicare Advantage Plan? You may have a lot of questions right now if you’re considering getting your plan but you don’t know where to start. Well, we will help you understand everything here. We will also help you in finding the option that is a good fit for you with the help of an agent with years of experience.

Let’s start first with some words or terminologies we are going to define for you.

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What is a Medicare Supplement Plan? 

As stated by Medicare.gov, Medigap is a Medicare Supplement Insurance that helps fill “gaps” in Original Medicare. This plan is being sold by private insurance companies that accept to follow federal guidelines of Medicare. A Medicare Supplement Insurance (Medigap) policy can help pay some of the remaining health care costs, like copayments, coinsurance, and deductibles. If you are married, you cannot share, no joint policies and only one person can be covered, you will need to get one for you and one for your spouse. You, as an enrollee, cannot purchase a Medigap policy unless you have Medicare Part A and Part B.

A Medicare Supplement Plan, also known as Medigap, is NOT the same as Original Medicare, a Medicare Advantage Plan, or a Prescription Drug Plan.

Medigap policies generally do not cover: 

Long-term care services (like non-skilled care you get in a nursing home)Vision or dental servicesHearing aidsEyeglassesPrivate-duty nursing

Looking for help?

You may still have questions regarding Medicare and you still need someone to talk to with some other concerns, don’t worry. We will directly connect you with a top insurance agent that will answer and provide all your needs. Click here for free consultation: https://calendly.com/knightnday.