Medicare Supplement Plans (Medigap)

What Are Medicare Supplement Plans?

Medicare Supplement Plans, also called Medigap, help cover the costs that Original Medicare (Parts A & B) doesn’t pay. These include:

• Copayments
• Coinsurance
• Deductibles
  

Medigap plans are offered by private insurance companies and work alongside Original Medicare. They’re especially valuable if you want predictable out-of-pocket costs and nationwide access to providers who accept Medicare.

Who Should Consider a Medigap Plan?

You may benefit from a Medicare Supplement Plan if you:

• Have Original Medicare and want to reduce out-of-pocket expenses
• Travel frequently or want nationwide provider access
• Don’t want to worry about surprise bills from deductibles or coinsurance
• Prefer the freedom to see any doctor or hospital that accepts Medicare
  

How Much Do Medigap Plans Cost?

Costs vary by plan type, location, and carrier, but generally include:

When Can You Enroll?

The best time to buy a Medigap plan is during your Medigap Open Enrollment Period, which lasts for six months starting the month you turn 65 and enroll in Part B. During this time:

• You can enroll without medical underwriting
• You’ll get the best plan options and prices
  

After this window, you may face higher premiums or limited availability.