What are Medicare Supplements?

Medicare Supplement plans, or Medigap, help cover out-of-pocket costs not paid by Medicare, such as deductibles and coinsurance, providing extra financial support.

What is Medicare Supplement Insurance?

Medicare Supplement plans, or Medigap, are insurance policies offered by licensed private insurers to help cover out-of-pocket costs for services under Medicare Parts A and B. These plans assist with deductibles, coinsurance, copayments, and hospital costs after Medicare’s contribution, as well as skilled nursing facility expenses. Some Medigap plans even provide coverage for medical services when traveling outside the United States.

What are the Different Plans?

Medicare Supplement plans are labeled with letters from A to N, each offering a different level of coverage to help with out-of-pocket Medicare costs.

Medicare Supplement plans offer varying benefits, but each plan provides the same standardized coverage, regardless of which insurance company you purchase it from.

Some Medicare beneficiaries prefer a plan that covers all expenses, eliminating out-of-pocket costs, while others prioritize low premiums and only need help with certain deductibles and copays. The choice is yours to make based on your needs.

Which Medicare Supplements Have the Highest Coverage?

Medicare Supplement Plan F offers the highest level of coverage, paying for all cost-sharing on covered services, ensuring you have no out-of-pocket expenses.

Medicare Supplement Plan G offers the second-highest level of coverage. The only out-of-pocket cost is the Part B deductible, which is paid once per year. This helps keep Medigap premiums lower and can save beneficiaries money over time.