A Medicare supplement plan, (often referred to as “Medigap”) is an insurance policy designed by Medicare that will cover the expenses that Medicare will not fully cover. Although these policies are designed by Medicare, they are sold by private insurance companies, at each of their set prices.
All Medicare Supplement plans are “standardized” meaning the benefits are the same, regardless of the carrier that is offering the plan. It is important to understand that the benefits will remain the exact same from company to company. The ONLY difference is the price that each company charges.
Medicare Supplemental Plans are designed in a letter system, ranging from Plan A to Plan N. Currently, the most popular plans are F, G and N. As with all Medigap Plans, your most important consideration should be cost and coverage. If you are new to Medicare be sure to check out our “Medicare 101” page and download our “Medicare Cheatsheet.” For Medicare Supplement quotes and questions, call us at (800) 208-4974 and one of our Medicare experts will be glad to help you.
With ALL Medicare Supplement plans you can go to ANY doctor, hospital or specialist, anywhere in the country that accepts Medicare. It does not matter what insurance carrier you have your plan with, you are free to go anywhere that accepts Medicare.
Continue Reading: Medicare Supplement Plans: Everything You Need To Know