Medicare Supplemental Insurance or Medigap insurance?
What Is It and Is It Right For You?
First, the terms “Medicare Supplemental Insurance” and “Medigap Insurance” are essentially the same thing. The insurance industry
- Part A Hospital Deductible of $1,556 per benefit period (days 1-60);
- Part A Hospitalization costs (days 61-90) of $389 per day;
- Part A Hospitalization costs (days 91 – 150) of $778 per day;
- Part B Annual Deductible of $233 per year; then 20% of the Medicare-approved amount for most outpatient services and medical supplies, with no cap on your potential expenses…;
- The cost of the first 3 pints of blood;
- Skilled Nursing Facility Care (rehab unit) $194.50 per day (days 21-100) and 100% of cost beyond day 100.
Purchasing Medicare Supplemental Insurance
To cover some or all of these expenses, you can buy Medicare supplemental insurance coverage from private insurance companies. There are 11 different standardized plans, labeled A – D, F, high-deductible F&G, and K – N. Plans C & F are also available as Select plans. Plans C & F cover 100% the expenses that Medicare doesn’t, as long as they are Medicare-covered services (Now only avaliable for those with Part A. Effective dates prior to Jan 1,2020). The other plans offer different levels of coverage and usually satisfy everyone’s needs and budget. They allow you to see any doctor or hospital as long as they are set up in the Medicare system. Select plans C & F require you to use a hospital from the “select” list for non-emergency services. People like them because they are easy to use with virtually no paperwork. Also, they typically move with you if you are thinking of retiring in a different area. Even though Medicare typically doesn’t cover you outside the country, some plans will include a foreign travel emergency benefit. These plans are sold year-round, but some restrictions may apply. Medicare requires the insurance companies to accept you with no underwriting within six months of your 65th birthday. Because outpatient prescription drug coverage is not covered by a Medicare supplemental insurance plan, you will want to purchase a plan separately. Some people may be eligible for drug coverage through the VA.Which is better: Medicare Supplemental Plan or Medicare Advantage Plan?
Different strokes for different folks.

Contact Us For Your Medicare Advantage Insurance Needs
Our customer service doesn’t stop when your policy arrives in the mail. We’re there for you year after year because as your needs change, so too should your Medicare Supplemental Insurance Plans. We have met so many wonderful people in this community, and we look forward to meeting with you. Contact us today by completing our easy online request form. Give us the opportunity to work for you. You’ll be glad you did!Consultation is Free
By calling this number, I understand I will be directed to a licensed insurance sales agent. This is a solicitation of insurance. By providing this information, you agree that an authorized representative or licensed insurance agent/producer may contact you by telephone, email or mail to answer your questions or provide additional information about Medicare Advantage, Part D, or Medicare Supplemental Insurance plans.