What is Medigap / Medicare Supplemental Insurance?

Medigap plans, also called Medicare Supplement Plans, or Med Supp, provide extra insurance that helps you pay for your Medicare Parts A and B out-of-pocket costs – such as co-insurance and deductibles – which are “gaps” in medical coverage. Medigap plans are purchased through private carriers, though federal and state laws regulate Medigap policies. Medigap…

When is the Medigap Open Enrollment Period?

The Medigap Open Enrollment Period is a one-time 6-month period. This time frame begins the first month of your Medicare Part B coverage, and you’re 65 or older. Some states may have additional Open Enrollment rights under state law. If you apply for a Medigap plan during this time, you are guaranteed acceptance and the…

What’s better: Medicare Advantage Plans or Medigap Plans?

Medicare Advantage Plans (MAs) usually cost less in up front premium than Medigap Plans. MA plans may include additional benefits like dental, hearing, vision, transportation, foreign travel and other benefits that Original Medicare does not cover. Some MAs limit the use of Medicare covered services with in-network doctors or facilities. MAs may require referrals to…

Will Medicare cover me if I travel outside the country?

Original Medicare does not cover you when traveling outside the country, and Medicare Advantage Plans may or may not provide coverage for services outside the country. But some Medigap plans cover you in emergency situations when traveling outside the country with plans such as Plan C, D, F, G, M, N.

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