Medicare Supplement plans pay a large portion of Medicare expenses such as coinsurance & deductibles. This can relieve you from the financial burden of medical bills.

Medigap policies are available to beneficiaries across all 50 states. Also known as Medicare Supplements, these plans provide predictability, protection, and overall peace of mind.

Medicare Supplement Plan Benefits

Supplement plans are extra insurance purchased from private companies. These policies help cover expenses beneficiaries are otherwise responsible for paying themselves.

Medicare Supplement Plans Comparison Chart 2023

12 Letter Plans to Choose From

Medigap plans are identifiable by letter, Plan A through Plan N. Each lettered plan is standardized. So, Plan G in California has the same coverage as Plan G in Florida.

Generally, the best plan options are Plan G, Plan N, & Plan F. But your eligibility will determine which plan is right for you.

Importantly, Massachusetts, Minnesota, and Wisconsin standardize plans in different ways.

What do Medicare Supplement Plans Cover?

Medicare Supplement Plans cover 100% of the Part A coinsurance and hospital costs up to 365 days after Medicare benefits are used. Also, Medigap plans cover all or part of the Part B coinsurance or copayments.

The first three pints of blood are covered in full in the hospital. All plans cover at least a portion of the Part A hospice care coinsurance or copayment.

Most Medigap options cover the Part A deductible and the skilled nursing facility care coinsurance. Plan F and Plan C cover the Part B deductible.

But Plan F and Plan G cover Part B excess charges. If you travel outside of the country, Plan C, Plan D, Plan F, Plan G, Plan M, and Plan N cover foreign travel emergencies up to plan limits.

Supplemental insurance exists because what Medicare covers isn’t everything. Knowing your financial risks and protecting yourself is important.

Which Companies offer Medigap Insurance?

Many insurance companies offer Medigap insurance. You’ll find many options in your state, from well-known to underrated carriers.

You may have seen many major private insurance companies through employer insurance offer Medigap plans. These companies include Aetna, Cigna, Humana, UnitedHealthcare, and many more.

When Can I enroll in a Medicare Supplement?

The best time to enroll in a supplement policy is during your Medigap Open Enrollment Period or a Special Enrollment Period.

You’ll be granted guaranteed issue rights on your policy during either of these times. This means you avoid underwriting and get the best possible premium rates.

Will my application go through underwriting?

If you’re changing policies to find a lower premium or missed a Guaranteed Issue opportunity, you’ll likely undergo an underwriting process. But, in most cases, underwriting isn’t a big deal.

Sure, there are questions about your health, but these companies understand that there are health issues with age. You can expect that your policy could be approved if your health issues are under control, even with medications.

Working with an insurance expert can save you time trying to figure out which company will most likely approve your application. The agent can also inform you if changing policies isn’t in your best interest, it’s their fiduciary duty to lead you in the right direction.

How much is a Medicare Supplement?

A Medigap policy can cost between $50 – $300 monthly. The cost of a Medigap policy varies by state and the insurance company.

For example, a Plan N in Washington could cost less than a Plan N in New York. Premiums depend largely on the plan you select. A good rule of thumb, the more coverage you have, the higher the premium.

Why should I buy a plan?

The cost of healthcare services Medicare won’t cover can be significant. Especially for those that need extensive treatments or long-term hospital stays.

If you like to travel, enjoy having the freedom to see any doctor you like, or don’t want unexpected medical expenses, you should buy a Medigap plan.

What is the best plan?

After comparing costs and benefits, many people may find Plan N the most beneficial policy. Plan N provides a balance of lower costs in premiums and the ability to pay less when going to the doctor, saving you out-of-pocket expenses. But Plan N won’t be the best option for everyone everywhere.

Two other respectable plans are Plan F, which, if you’re eligible, covers all the costs Medicare would expect you to pay. Then, Plan G covers almost the same as Plan F. The only difference is it doesn’t cover the Part B deductible.

What is the easiest way to compare plans?

Working with an insurance agent or broker lets you understand which companies will provide you with the most value.

If you’ve ever searched for other types of insurance, you know how time-consuming it can be to contact each company individually. Well, licensed Medicare insurance experts can eliminate the frustration of endless online searches.

These professionals represent top Medicare carriers and can help you identify the best Medigap policy and the best company for your needs.

Is Medigap the same as a Medicare Supplement?

Medicare Supplement policies are sometimes referred to as Medigap policies because they fill the gaps in Medicare. You will see these terms interchangeably.

How to Get Help Signing Up for a Medicare Supplement Plan

Signing up for a Medicare Supplement plan is easy. You don’t even need to leave the comfort of your home. In just a few minutes, you’ll have more coverage than Medicare alone can provide you.

Give us a call, or compare rates online to discover which plans will provide you the best value. To get rates, complete our quote form.

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by Lindsay Malzone, Lindsay Malzone is the Medicare editor for Medigap.com. She's been contributing to many well-known publications since 2017. Her passion is educating Medicare beneficiaries on all their supplemental Medicare options so they can make an informed decision on their healthcare coverage.