Medigap plans are supplemental insurance policies designed to help cover your out-of-pocket costs associated with Original Medicare. They provide peace of mind by helping you pay for healthcare expenses that Medicare doesn't fully cover. It's very important to compare plan options carefully to find one that meets your needs and budget. That’s where our expertise can be of great help to you.

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Medigap: Frequently Asked Questions

  • What are Medicare Medigap Plans?
    Medigap plans, also known as Medicare Supplement Insurance, help cover some of the costs that Original Medicare doesn't, like copayments, coinsurance, and deductibles.
  • How do Medicare Medigap Plans work?
    After you enroll in Original Medicare (Part A and Part B), you can buy a Medigap policy from a private insurance company to help pay for certain out-of-pocket costs that Medicare doesn't cover.
  • What do Medicare Medigap Plans cover?
    Medigap plans can help pay for things like copayments, coinsurance, and deductibles associated with Original Medicare. Some plans may also offer coverage for healthcare services received outside the United States. Prescription Drugs are not covered; for those you would need to purchase a separate Part D plan for that.
  • Are there different types of Medicare Medigap Plans?
    Yes, there are standardized Medigap plans labeled A through N. Each plan offers a different set of basic benefits, but the coverage remains the same no matter which insurance company you buy it from.
  • How much do Medicare Medigap Plans cost?
    The cost of a Medigap plan varies depending on factors such as the plan type, your location, and the insurance company. You'll typically pay a monthly premium in addition to your Medicare Part B premium.
  • Can I join a Medicare Medigap Plan if I have a pre-existing condition?
    You have a guaranteed right to buy a Medigap policy during your Medigap Open Enrollment Period, which starts when you're 65 or older and enrolled in Medicare Part B. During this time, insurance companies can't deny you coverage or charge you more because of pre-existing conditions.
  • When can I enroll in a Medicare Medigap Plan?
    The best time to enroll in a Medigap plan is during your Medigap Open Enrollment Period, which lasts for 6 months and starts when you're 65 or older and enrolled in Medicare Part B. After this period, you may still be able to buy a Medigap policy, but insurance companies may charge you more or deny you coverage based on your health.
  • How do I choose a Medicare Medigap Plan?
    When choosing a Medigap plan, it's important to consider your healthcare needs, budget, and coverage options available in your area.

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