Medicare Supplement Plan

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This coverage includes:

Part A premium: Usually $0 cost / month

Standard Part B premium: $170.10* / month

Medicare Advantage Plan: $0.00-$depends on your zip code

Need a Stand-alone Prescription Drug Plan in addition

Part A (Hospital Insurance)

Helps cover:

  • Inpatient care in hospitals
    • includes your semi-private room, meals and nursing
    • care in special units (like ICU)
    • prescription drugs and medical supplies in hospital
    •  lab tests, x-rays and medical equipment in hospital
    • operating room and recovery room services
    • skilled nursing services
    • some blood transfusions
  • Part-time skilled care for homebound
  • Hospice care, including meds to manage symptoms
  • Rehabilitation services after qualified inpatient stay

Medicare Supplment Plan (Medigap)

For an extra premium, you can add a Med Supp plan

  • Provided by private health insurance carriers
  • Based on letter plans, like F, G and N
  • Help pay the out-of-pockets costs of Original Medicare

Part B (Medical Insurance)

Helps cover:

  • Services from doctors and other health care providers
  • An annual wellness visit
  • Many preventive services, like flu shots
  • Clinical laboratory services, like blood and urine tests
  • X-rays, MRIs, CT scans, EKGs, and other diagnostic tests
  • Some health programs, like smoking cessation and obesity
  • Physical, occupational and speech-language therapy
  • Diabetes screenings, education and certain supplies
  • Mental health care
  • Durable medical equipment for use at home, like wheelchairs, walkers, hospital beds, and other equip
  • Ambulatory surgery centers, ambulance and emergency room services

Original Medicare pays for much, but not all, of the cost for covered health care services and supplies. Medicare Supplement Insurance (Medigap) policies sold by private companies, can help pay some of the remaining health care costs for covered services and supplies, like copayments, coinsurance, and deductibles.

 

Some Medigap policies also offer coverage for services that Original Medicare doesn’t cover, like medical care when you travel outside the U.S. Generally, Medigap doesn’t cover long-term care (like care in a nursing home), vision or dental services, hearing aids, eyeglasses, or private-duty nursing.

 

Medigap plans are standardized. Medigap must follow federal and state laws designed to protect you, and they must be clearly identified as “Medicare Supplement Insurance.” Insurance companies can sell you only a “standardized” plan, identified in most states as plans A – D, F, G and K – N. All plans offer the same basic benefits, but some offer additional benefits so you can choose which one meets your needs. In Massachusetts, Minnesota, and Wisconsin, Medigap plans are standardized in a different way.

THINGS TO KNOW:
Medicare Supplement (Medigap or Med Supp)
  • You can buy a Medicare Supplement Insurance (Medigap) policy to help pay your Original Medicare out-of-pocket costs.
  • If you want this type of coverage and don’t buy a Medigap policy when you’re first eligible, you may go through underwriting.
  • This can help pay some of the out-of-pocket costs not paid by Medicare Part A and Medicare Part B.

* Rate for 2022. Most people pay the Standard B premium amount. If your modified AGI (Adjusted Gross Income) as reported on your IRS tax return from 2 years ago is above a certain amount, we will need to send you the chart outlining the extra charge added to your premium called IRMAA.

 
source: Mediacare.gov

Our Team is here to walk you through the Medicare Maze. Learn about when you can join a plan, switch plans and what Medicare covers.

There is no commitment and our services are 100% free.

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