MEDICARE SUPPLEMENT

Filling Coverage Gaps for Greater Financial Security

Medicare Supplement Insurance, commonly known as Medigap, is a type of private insurance designed to help cover "gaps" in Original Medicare (Parts A and B) coverage. These gaps include out-of-pocket costs like deductibles, copayments, and coinsurance, which can add up over time. Medigap plans allow beneficiaries to see any doctor who accepts Medicare, offering greater flexibility than many Medicare Advantage plans. However, Medigap does not cover prescription drugs, so beneficiaries often pair it with a Part D plan for comprehensive coverage. Medigap helps reduce unexpected medical expenses, providing peace of mind and predictable costs for those enrolled in Medicare.

What You Should Know About Medicare Supplement Insurance

Purpose: Medicare Supplement Insurance helps cover out-of-pocket costs that Original Medicare doesn’t pay, such as deductibles, copayments, and coinsurance.
Provider Flexibility: With Medigap, beneficiaries can see any doctor or visit any hospital nationwide that accepts Medicare, without the need for referrals or staying within a network.
Eligibility: Medigap is available to individuals enrolled in Medicare Part A and Part B, typically at age 65 or older, with some states offering options to younger people with disabilities.
Financial Security: Medicare Supplement provides additional financial protection, helping beneficiaries better manage unpredictable medical expenses for peace of mind.

Why You Need Medicare Supplement Insurance

While Original Medicare is very beneficial, many find that it leaves you with a lot of gaps in terms of out-of-pocket fees. Such gaps can really add up over time, which is why Medigap can help. Get in touch with one of our agents today to learn if this coverage can benefit you.