Medicare Supplement

A Medicare Supplement Plan is insurance that helps pay the remaining 20% of costs that Original Medicare doesn’t cover
Also known as a Medigap Plan, a Medicare Supplement Plan is insurance that helps pay the remaining 20% of costs that Original Medicare doesn’t cover. Medicare Supplement plans are offered by private insurance companies, and there are 10 standardized plans available, each referred to by a different letter of the alphabet, A-N. (Not to be confused with the four parts of Medicare A-D!) "Standardized" means that plans of the same letter category offer the same benefits, no matter which insurance company you buy the plan from. So, for example, a Plan C in New Jersey is the same as a Plan C in California, no matter which company sells it. The difference in the plan may be the price charged by insurance companies.

placeholder_image Medicare Supplement Insurance can help cover:
  • Medical service co-payments
  • Plan deductibles
  • Skilled nursing care
  • Excess hospitalization charges
  • Medical emergencies when you travel outside the U.S.
Medicare Supplement Cost:
Medicare Supplement Plan premiums vary depending on the insurance company, the state where you live, your age and gender, and the coverage selected.

How to Sign Up:
You can sign up for a Medicare Supplement Plan during a 6-month period, starting with the month you turn 65. You can also sign up for a Medicare Plan after that, but you may be denied coverage.

The benefit of signing up for a Medicare Supplement Plan during the 6-month period beginning with the month you turn 65, is that you cannot be denied coverage and can enroll without undergoing a medical exam. That means, any health issues you have won’t affect your premium. During this period, you can also choose any insurance provider you want, and they must cover you. Once you’re insured, your insurance provider can never drop you, as long as you continue paying your premium.

However, after age 65 1/2, you can still sign up for a Medicare Supplement Plan, but you may have to undergo a medical exam and could be denied coverage or pay a higher premium.

Continue to Medicare Part C


medicare guide

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