Medigap Insurance – Medicare Supplement

Benefits
Medigap Plans
A B C D F G K L M N
Part A Hospital Coinsurance Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes
365 Hospital Reserve Days Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes
Part B coinsurance Yes Yes Yes Yes Yes Yes 50% 75% Yes Yes
Benefit for Blood Yes Yes Yes Yes Yes Yes 50% 75% Yes Yes
Hospice coinsurance Yes Yes Yes Yes Yes Yes 50% 75% Yes Yes
Skilled Nursing Facility No No Yes Yes Yes Yes 50% 75% Yes Yes
Part A deductible No Yes Yes Yes Yes Yes 50% 75% 50% Yes
Part B deductible No No Yes No Yes No No No No No
Part B excess No No No No Yes Yes No No No No
Foreign Travel Benefit No No 80% 80% 80% 80% No No 80% 80%
Out-of-pocket limit N/A N/A N/A N/A N/A N/A $4,960 $2,480 N/A N/A

What is Medigap?

A Medigap enrollment form and some cashMedigap is a supplemental health insurance policy which extends the amount of health insurance for Medicare eligible recipients.  Supplemental plans are not insurance and cannot be obtained with Medicare Advantage.  However, they are appropriate to help pay for the costs that Medicare does not.  A supplemental health plan is an additional Medicare plan on top of the Original Part A and Part B. Medigap is provided by private health insurance companies such as Anthem, Blue Cross and Blue Shield, HealthNet, or Humana. A supplemental or Medigap insurance plan provides additional coverage to healthcare deficiencies that you may be exposed to under the Original Medicare Part A and Part B. Within the Medigap policy, there are 10 different standards of health plans.

What are the eligibility and enrollment requirements?

Medicare applicants who are eligible for a Medigap Policy must also enroll in Medicare Part A and Part B to receive the benefits of a Supplemental health insurance plan. Medigap contains 10 different plans for an additional monthly premium on top of Part B. To receive the best benefits from your Supplemental Health Insurance Plan, contact one of our licensed sales agents to receive all of the necessary information to make an educated decision. Medicare and Medigap can seem complicated and it is important that you work with someone who fully understands the benefits of each plan.

Is it a family or group plan?

Medigap and other supplemental health plans are not considered family’s or group plans. Both you and your spouse will need to obtain a Supplemental Medigap health insurance policy to receive the benefits. For additional Medicare and Medigap information, contact us today.