Medicare supplement plans (also called Medigap insurance plans) give you options when it comes to filling the gaps in Medicare insurance. To understand the details of the available Medicare supplemental insurance plans, you need to know where Medicare comes short of full coverage. You might also need to know how the plans differ from company to company. If you already know everything you need to know about Medicare supplements, you can fill out the form at right of this page, or go to our Medicare supplement quotes page to get a quote.
Where Medicare Insurance Falls Short
Medicare insurance makes it easier for seniors to get affordable health insurance at a time when they are more likely to need health care services. Medicare plans, however, are not comprehensive. Traditional Medicare Parts A and B have extra expenses that a Medicare supplemental plan can cover.
Medicare Part A helps with the costs when a doctor admits you to the hospital. It also helps with the cost of skilled nursing care and hospice care. It covers many of the costs, but leaves you open to a $1,156 deductible if admitted to the hospital. This is your total payment for the first 60 days you are a hospital inpatient. You also have to pay an increasing amount per day for each day you are in the hospital past 60 days ($289 per day for days 61-90, and $578 per day for days 91-150). In addition, Part A does not cover the cost for the first three pints of blood. It also doesn’t cover 20% of the cost of home health care, and will charge you $144.50 per day for days 21-100 of skilled nursing care.
Medicare Part B is for outpatient and well patient care. You pay a premium of $99.90, a deductible of $140, and a coinsurance of 20% of all Medicare approved costs. You are also responsible for any costs above the Medicare approved amount.
When you are doing your research, you will also see two other parts of Medicare: Parts C and D. Part C is also known as Medicare Advantage. Medicare Advantage replaces traditional Medicare with private insurance. You can find out more about Medicare Advantage here. Part D is your prescription drug coverage. You can get customized Medicare Part D quotes here.
Medicare Supplement Plans
For most states, you have ten options between the different Medicare supplement plans. Below, they are in the order from most comprehensive coverage to least. You can then click on the link of each plan to get the details on what each of the Medicare supplement plans covers.
Most Popular Medicare Supplement Plans
Medicare Supplement Plan F– Plan F covers all the gaps left by Medicare. See our detailed explanation of Medicare supplement Plan F here.
Medicare Supplement Plan G– Plan G covers all but the Part B deductible. Many times it can actually save you money over Plan F. See our detailed explanation of Medicare supplement Plan G here.
Medicare Supplement Plan C– Plan C is similar to Plan F, but does not cover excess charges for Part B. See our detailed explanation of Medicare supplement Plan C here.
Medicare Supplement Plan D– Plan D resembles Plan C, and also does not cover the Part B deductible. However, it may save you money over Plan C. See our detailed explanation of Medicare supplement Plan D here.
Medicare Supplement Plan N– Plan N is similar to Plan D, but includes some copayments for some Part B services. See our detailed explanation of Medicare supplement Plan N here.
Medicare Supplement Plan M– This plan only covers 50% of the Part A deductible, but resembles Plan N otherwise. See our detailed explanation of Medicare supplement Plan M here.
Other Medicare Supplement Plans
Medicare Supplement Plan B– Plan B reduces coverage even farther by not covering foreign travel or the skilled nursing care gaps. See our detailed explanation of Medicare supplement Plan B here.
Medicare Supplement Plan A– This plan is like Plan B. In addition, it does not cover the Medicare Part A deductible. See our detailed explanation of Medicare supplement Plan A here.
Medicare Supplement Plan L– Plan L has 25% coinsurance and an out-of-pocket limit. See our detailed explanation of Medicare supplement Plan L here.
Medicare Supplement Plan K– Plan K has a 50% coinsurance and an even larger out-of-pocket limit. See our detailed explanation of Medicare supplement Plan K here.
There are a few Medicare supplement plans that have been discontinued. You can find information on the most popular of these plans, Medicare supplement Plan J, here.
Medicare Supplement Plan Coverage
It is important to note that these plans are the same no matter which company you choose. So whether it is AARP, United Healthcare, or Blue Cross Blue Shield you will get the same coverage (learn more about the different Medicare supplement insurance companies).
We are honored that you are using our website to explore your options for Medicare supplement plans. If there is any other way we can serve you, please contact us at (866) 894-3258.