Medigap Plans

Medigap policies (otherwise known as Supplements or "letter plans") do exactly what the name implies: they cover the gaps that Medicare does not cover.

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Medicare (as previously stated on another page) is an 80/20 insurance plan.  Medicare beneficiaries are responsible to cover the 20% plus any deductibles.  This is where Medigap policies come into play.  They cover the 20% and depending on which plan you have, may cover the deductibles as well.

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A few things to be aware of regarding Medigap policies:

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• You have a variety of options to choose from.  The plans that cover the most will also cost the most. 

• Per Medicare guidelines,  "A "G plan" is a "G plan."  This means that no matter what carrier you purchase it from the plans will be identical.  The only difference will be the cost that the company charges for the plan.  

• Supplement plans DO NOT include a Prescription Drug Plan.  You will need to purchase a stand-alone PDP in order to have drug coverage and be compliant with Medicare rules.

• Supplement plans do have a nice benefit in that you pay the monthly premium and you generally do not have any co-pays that you are responsible to meet.  Additionally you can have multiple primary care physicians which comes in handy when living in two places throughout the year.

• Be aware though that as a Medigap policy, the Supplement plan only covers that which Medicare covers.  Therefore, benefits like dental, vision, hearing, gym memberships, and others are not included.

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Are Medigap plans the best plan for you?  That is a question that must take into account your health, your medications, your finances, and your location.  It is daunting to try to figure this out by yourself - but you do not have to.  Let us help you by clicking on the button directly below.  We will contact you and help you understand your options and pick the very best plan for your needs.  

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Oh - and did we already tell you that you will never pay us anything?  Ever!