Frequently Asked Questions & Answers

What is the difference between Medicare Supplement and Medicare Advantage plans?

Medicare Advantage is sold by Medicare-approved insurance carriers. These policies offer coverage for hospital and doctor expenses, usually including prescription drug coverage that is not covered by Medicare coverage. Additionally, Medicare Advantage policies may also offer extra benefits (not offered by regular Medicare) such as routine dental care, eye glasses, and fitness facility memberships. This policy usually operates as an HMO or PPO. HMOs only allow their members to use doctors and health facilities within their own network, and PPOs will allow its members to go out of the network at a higher cost.

Is it better to have Medicare Advantage or Medigap?

About ⅓ of Medicare supplement consumers will purchase Medicare Advantage. With everyone’s specific situation being different, it’s a great idea to speak with an Insurance Agent to be sure you are enrolling in a plan that meets your needs. Just click the ‘Get a Quote’ link at the top of the page and an agent will reach out.

What is the average cost of supplemental insurance for Medicare?

The average cost of Medigap insurance, in terms of premiums, can be anywhere in the range of $50-$300 per month. Because Medigap is standardized throughout the country, it’s benefits are always identical no matter which carrier you purchase the policy from, however, the price of the premium may vary by company and/or state.  In terms of overall costs, this depends on how frequently you require health services; and it’s a good idea to have some sort of estimation in hand to make sure that you’re selecting the coverage that will meet both your health and financial needs.

Do I really need supplemental insurance with Medicare?

Medicare supplement insurance covers expenses on Medicare A & B that you would normally be responsible for paying out-of-pocket. In short, Medigap is purchased to cover out-of-pocket expenses for services that are not fully covered by Medicare. Medigap can protect you from all sorts of additional costs by bridging gaps in Original Medicare. At minimum, a medicare supplement policy takes the headache out of managing your health care bills.

What is the most popular Medicare supplement plan?

Prior to January 1st 2020, Plan F was the most popular and most comprehensive policy that Medigap coverage had to offer. With F being discontinued as of January 1, 2020, Plan G coverage should end up taking first place due to its similarities with the former. Medigap Plan G offers great benefits to beneficiaries who are okay with paying a low yearly deductible. Upon meeting the deductible, it fully covers all of the gaps in Medicare: hospital deductible, copays and coinsurance. Additionally, it also offers coverage for the 20% not covered by Part B.

*Although these policies are popular, the best supplemental insurance with Medicare for you would be specific to your needs and lifestyle.

Do I need supplemental insurance with Medicare Advantage?

A Medigap policy will not cover costs associated with Medicare Advantage, period. Although there may be temporary scenarios where you can have both policies simultaneously, such as being in transition by dropping Medicare Advantage to enroll in Original Medicare, at which point you may be able to enroll in Medigap. 

What is the purpose of supplemental insurance?

Generally speaking, the purpose of supplemental insurance is to assist you in paying for services, not covered by your regular insurance, that you would normally require you to pay out-of-pocket. A supplemental policy will assist with medical costs such as deductibles, copays, and coinsurance. What are medicare supplement insurance plans?

How does supplemental insurance work with Medicare?

Medigap is privately sold insurance coverage that fills the gaps between your Original Medicare benefits and the expenses that you would otherwise need to pay out-of-pocket. Medicare supplement insurance coverage includes benefits for deductibles and copays that you would normally be responsible for under standalone Medicare. As soon as you are covered, and as long as you’re paying your premium, you can never be removed from coverage due to health reasons.

How do I get supplemental insurance?

You’ve come to the right place. Simply click the ‘Get a Quote’ button at the top of the page and we’ll make sure an Agent contacts you to get you on the right side of coverage.