Medicare Supplement Insurance
Medicare Supplement Insurance (also known as “Medigap” insurance) fills the gaps in Original Medicare Coverage.
Having Medicare Supplement Insurance means keeping Original Medicare, and getting help through a private insurance company to pay for the health care costs that Medicare doesn’t cover (such as copays, coinsurance, and deductibles). This is not the same as a Medicare Advantage Plan, which provides your coverage entirely through a private insurance company.
The way a Medicare Supplement works is that Medicare pays its share of Medicare approved amounts for covered health care costs. Then the Medicare supplement policy will pay its share.
You can purchase a Medicare Supplement policy from a private insurance company.
The plan types are standardized, but the costs will vary depending on the company.
What are the Benefits of a Medicare Supplement?
The greatest benefit of a Medicare Supplement is that you can choose to go to any doctor, hospital, or specialist that accepts Medicare.
Medicare Supplements allow you to go to doctors and specialists without a referral, unlike HMOs.
Another benefit is having peace of mind that your medical costs won’t become a burden to you or your family. This is especially the case if you get a supplement such as plan J, which covers all of your deductible amounts, 20% coinsurance, and Part B excess charges.
Medicare Supplements come in 13 different plan types, A-L, including an extra plan F high deductible.
Doesn’t this seem insanely confusing? It’s time to demystify these plans!
Click to learn more about Medicare Supplement plan types A-L and what they each cover.
Contact me to find out about the Birthday Rule, and other rules about changing your coverage.
San Diego, Chula Vista, El Cajon, Poway, La Jolla, Encinitas, Carlsbad, Oceanside, Vista, Fallbrook, San Marcos, Escondido.
I’m available for appointments in any of these areas, as well as Temecula in Riverside county.
If you live outside of my service area, but are still in the state of CA, I can still help you with your insurance needs over the phone.