Medicare Supplement Plans

Enrolled in Medicare? Consider a Medigap Plan.

Medicare Supplement (Medigap) plans are insurance policies sold by private companies. Many of these plans are available in East Tennessee that can help pay the co-payments, deductibles, and coinsurance that Original Medicare does not cover. The Senior Benefits Advisor is a licensed, independent advisor who can help you compare Medicare Supplement options and rates in your area.

What Are Medicare Supplements?

You can purchase a Medicare Supplement to enhance your Original Medicare (Part A and Part B) coverage. In most states, there are 10 to choose from—identified by letters A, B, C, D, F, G, K, L, M, and N.

You’ll pay a premium for your supplement based on which plan you select, your age, your health, and your location. But generally, you can expect to pay anywhere from $50 to $300 per month.

Why Medicare Supplement Insurance?

why medicare supplement insurance

What Do the Plans Cover?

All Medicare Supplement plans will cover the cost of:

  • Part A coinsurance and hospital costs
  • Part B coinsurance or co-payment
  • First 3 pints of blood for transfusions
  • Part A hospice care coinsurance or co-payment

These four benefits are included in Medigap Plan A, the most basic plan.

Other plans may cover the hospital and medical deductibles, Part B excess charges, and 80% of foreign travel emergency care.

Just keep in mind that, if you became eligible for Medicare in 2020 or after, you cannot purchase Plan C or Plan F. However, Plan G and Plan N are good alternatives.

Plans K and L have out-of-pocket limits, so you won’t spend past a certain limit each year. They cover 50% and 75% of the total cost of each benefit, respectively.

What Else You Should Know

Is Medigap Different from Medicare Advantage?

Medigap plans are not the same as Medicare Advantage plans—and you cannot have both at the same time.

Is My Spouse Covered?

If you and your spouse want Medigap coverage, you each will need to buy separate policies. You can also decide to enroll in a stand-alone prescription drug (Part D) plan.

When Do I Enroll?
The best time to sign up is during your Medigap Open Enrollment Period. This period lasts for six months, starting the first day of the month when you’re 65 or older and enrolled in Medicare Part B.

During your Medigap open enrollment, you often get better prices and have more options to pick from. Also, insurance companies can’t use medical underwriting to determine whether to accept or deny your application.

Get the Medicare Coverage You Need

There are many things to consider when looking for additional Medicare coverage. But a great place to start is right here.
Call (865) 851-4983 to discuss your health needs and budget.

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