![]() For those who became eligible for Medicare on or after January 1, 2020, the Medigap plan with the most benefits is Medigap Plan G, which is comparable to Plan F except it does not cover the Part B deductible. Medigap Plan F has all the benefits, but it’s available only to people who became eligible for Medicare before January 1, 2020.Plan C has one more benefit than Plan D Plan D does not cover the Part B deductible. Plan C has three more benefits than Plan B, covering the Part B deductible, the skilled nursing facility copay and foreign-travel emergency care.Medigap Plan B has the basic benefits plus one more: It covers your Part A deductible.9(Note: Insurance companies that sell Medigap policies are required to sell Plan A as well as either Plan D or Plan G.) Medigap Plan A is the most basic coverage, covering only the basic benefits (listed in the first four rows of the chart) and also has the lowest premiums compared to other plans sold by the same company.Start by looking at the chart below of lettered Medigap policies to see which benefits come with each plan. How Can You Compare & Choose a Medigap Policy? 8 The chart below will help you compare what is and isn’t included in the various lettered Medicare Supplement Insurance plans. Once you start looking around, you’ll see there are a variety of plans, each identified by a letter: A, B, C, D, F, G, K, L, M and N. ![]() Full or partial coverage of hospice coinsurance for drugs and respite care.Full or partial coverage for the first three pints of blood you might need in a given year.Full or partial coverage for the 20% percent coinsurance for provider charges and other Part B services.365 additional days of full hospital coverage.These are the basic benefits included in every Medigap plan (though be sure to note that Medigap Plans K and L provide only partial coverage): ![]() 6(If you live in Massachusetts, Minnesota or Wisconsin, Medigap policies there are standardized differently.) 7 In all but three states (Minnesota, Massachusetts and Wisconsin), all Medigap plans have to follow federal and state laws and must be clearly identified as “Medicare Supplement Insurance.” Every standardized Medigap plan must offer the same basic benefits, regardless of which insurance company sells it. Medigap policies generally don’t cover long-term care, vision or dental care, hearing aids, eyeglasses or private nursing. (Medicare won’t pay any of the cost for you to have a Medigap policy, by the way.) 4 If you have Original Medicare and a Medigap policy, Medicare will pay its share of the Medicare-approved amounts for covered healthcare costs, and then your Medigap policy will kick in to pay its share. What Does Medicare Supplement Insurance (Medigap) Cover? Keep in mind that while you can buy a Medigap policy if you have Original Medicare, you’re not able to do so if you’re enrolled in a Medicare Advantage plan. Like Medicare Advantage plans, Medigap policies are offered by private insurance companies. 2And some Medigap plans may cover you if you need care while traveling out of the country, something Original Medicare doesn’t include. This kind of policy can help reduce your healthcare costs. What Is Medicare Supplement Insurance?Īdding Medicare Supplement Insurance (also known as a Medigap policy) fills in the gaps that Original Medicare doesn’t cover, including expenses like deductibles, copays and coinsurance. Here’s what you need to know about supplemental insurance and how to find a policy that’s right for you. If you choose Original Medicare rather than Medicare Advantage, or there are no Medicare Advantage plans available in your area, there is insurance to pay for healthcare expenses not covered by Original Medicare, what’s called Medicare Supplement Insurance. Medicare Advantage plans are bundled plans offered by private insurers that include Medicare Parts A and B and may also include outpatient prescription drug coverage (aka Medicare Part D, as mentioned above). But Original Medicare doesn’t include your prescription medications, so you may choose to pay for a Part D policy that will cover any drugs you’re taking.Īnother option is to enroll in a Medicare Advantage plan (also called Medicare Part C). As you may already know, once you enroll in Medicare, many - but not all - of your healthcare expenses will be covered. But before you get covered, you have decisions to make on your coverage.įor example, when you purchase “basic” Medicare - also known as Original Medicare - you get coverage for both hospital care ( Medicare Part A) and outpatient healthcare ( Medicare Part B).
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