Also called Medigap, these plans fill the gaps Original Medicare leaves behind — so you're never surprised by a 20% bill.
Medicare Supplements — also known as Medigap policies — are sold by private insurance companies to help you cover the out-of-pocket costs left behind by Original Medicare. When you have a Medigap policy, Medicare pays up to its limit, then your supplement picks up what's left — typically that 20% you'd otherwise owe.
Original Medicare only covers 80% of your Part B expenses. Without a supplement, a lengthy hospital stay or expensive outpatient treatment could leave you with tens of thousands of dollars in uncovered costs.
The right supplement plan pays that remaining 20% for you. Coverage varies by plan letter, but generally Medigap plans can cover:
There are several standardized Medigap plan letters to choose from. The three most popular — and the ones most of our clients select — are Plans F, G, and N.
Covers nearly everything except the Part B deductible. After you meet that one deductible per year, you typically have no out-of-pocket medical costs for Medicare-covered services.
The most complete coverage available — covers the Part B deductible too. Only available to those who became Medicare-eligible before January 1, 2020.
Lower monthly premiums in exchange for small copays at doctor visits and emergency rooms. A great option if you want solid coverage at a reduced cost.
The biggest advantage of a Medigap plan is freedom. You can see any doctor or specialist in the country who accepts Medicare — no networks, no referrals, no prior authorizations. For people who travel frequently or want maximum flexibility, this is often the preferred choice.
Premiums are higher than Medicare Advantage plans, but your out-of-pocket costs are far more predictable — which matters a great deal in retirement when you're on a fixed income.
We work with 70+ carriers. We'll find the right Medigap plan at the best available rate — for free.