What You Should Know About Medicare Supplement Plans
Whether you're new to Medicare, or just want to brush up on your Medicare information, we've laid out all the answers for you.
What Is A Medicare Supplement Plan?
A Medicare Supplement plan (also called a Medigap policy) is private health insurance designed to supplement Original Medicare coverage. Medicare Supplement insurance helps pay some of the health care costs (or "gaps") that are not covered by Original Medicare, such as copays, coinsurance, and deductibles. All Medicare Supplement plans must follow federal and state laws. The standardized policies that can be offered by Medicare Supplement insurance companies are identified by the letters A through N.
Medicare Supplement plans do not replace Original Medicare plans; they only work to supplement Original Medicare benefits. Medicare supplement plans typically do not cover long-term care, vision, dental, hearing aids, eyeglasses, or private nursing.
Learn about our Medicare Supplement plans
Medicare Supplement Is Ideal For
- Beneficiaries who want the freedom of choosing any doctor that accepts Medicare
- Beneficiaries who are looking for protection from the unexpected costs of Medicare
Am I Eligible?
To be eligible for Medicare Supplement plans, you must already have Medicare Part A and Part B. There may be state residency requirements for Medicare Supplement plan eligibility as well. As a Medigap member, you cannot have a Medicare Advantage plan.
If the following applies to you, you may be entitled to a six month open enrollment period beginning with the first day of the month that your Part B coverage is effective, OR your 65th birthday if you already have Medicare (due to disability):
- You are age 65 or older, currently have Medicare Part A and are newly enrolled in Medicare Part B, or
- You already have Medicare because you are disabled and have just turned 65.
- California and Oregon: You are under age 65 and eligible for Medicare Part B because of disability (This open enrollment period may have additional state restrictions).
Know About MedSupp 8/2012