Medicare supplement plans (also called medigap insurance plans) give you many options when it comes to filling the gaps that are prevalent in Medicare insurance. To understand all the ins and outs of the available Medicare supplemental insurance plans you need to know where Medicare comes short of full coverage and how the plans differ from company to company. If you already know everything you need to know about Medicare supplements and just need a quote you can fill out the form at the upper left of this page our go to our Medicare supplement quotes page.
Where Medicare Insurance Falls Short
Medicare insurance has made it easier for seniors to get affordable health insurance at a time when they are more likely to need health care services. The plans, however, are not comprehensive. Each two parts to traditional Medicare Part A and Part B have extra expenses to the end user that can be covered by good Medicare supplemental plan.
Medicare Part A was designed to help with the costs when you are admitted to a hospital by a doctor, as well as, skilled nursing care, and hospice care. It does cover a lot of the costs but leaves you open to a $1,156 deductible when you are admitted to the hospital. This is all you will pay for the first 60 days you are admitted into the hospital. You also have to pay an increasing amount per day for each day you are in the hospital ($289 per day for days 61-90 and $578 per day for days 91-150). Part A also does not cover the cost for the first three pints of blood, 20% of the cost of home health care, and will charge you $144.50 per day for days 21-100 of skilled nursing care.
Medicare Part B is for inpatient and well patient care. You pay a premium of $99.90, a deductible of $140, and a coinsurance of 20% of all Medicare approved costs. You are also responsible for any costs above the Medicare approved amount.
You will frequently see two other parts of Medicare when you are doing your research as to what is available. Part C is comprised of Medicare Advantage plans. These plans replace traditional Medicare with private insurance. You can find out more about Medicare Advantage HERE. The second is Medicare Part D. Part D is specifically for prescription drug coverage. The only way to know how much one of these will costs is to get customized Medicare Part D quotes HERE.
Medicare Supplement Plans
For most states you have ten options between the different Medicare supplement plans (see a detailed explanation of the Medicare supplement plans in your state HERE). We will list them in the order from most comprehensive coverage to least. You can then click on the link of each plan to get the details on what each of the Medicare supplement plans covers.
Medicare Supplement Plan F –will cover all the gaps left by Medicare. See our detailed explanation of Medicare supplement plan F HERE
Medicare Supplement Plan G – covers all but the Part B deductible and many times can actually save you money over Plan F. See our detailed explanation of Medicare supplement plan G HERE
Medicare Supplement Plan C – is just like plan F but does not cover excess charges for Part B. See our detailed explanation of Medicare supplement plan C HERE
Medicare Supplement Plan D – similar to plan C but also does not cover the Part B deductible and may save you money over Plan C. See our detailed explanation of Medicare supplement plan D HERE
Medicare Supplement Plan N – similar to plan D but includes some copayments for some Part B services. See our detailed explanation of Medicare supplement plan N HERE
Medicare Supplement Plan M – Only covers 50% of the Part A deductible but looks like plan N otherwise. See our detailed explanation of Medicare supplement plan M HERE
Medicare Supplement Plan B – reduces coverage even farther by not covering foreign travel or the skilled nursing care gaps. See our detailed explanation of Medicare supplement plan B HERE
Medicare Supplement Plan A – like plan B but also does not cover the Medicare Part A deductible. See our detailed explanation of Medicare supplement plan A HERE
Medicare Supplement Plan L – has 25% coinsurance and an out of pocket limit. See our detailed explanation of Medicare supplement plan L HERE
Medicare Supplement Plan K – has 50% coinsurance and an even larger out of pocket limit See our detailed explanation of Medicare supplement plan K HERE
There are a few Medicare supplement plans that have been discontinued. You can find information on the most popular of these plans, Medicare supplement plan J, HERE.
The great point to notice is that these plans are the same no matter which company you choose. So whether it is AARP, United Healthcare, or Blue Cross Blue Shield you will get the same coverage (Learn more about the different Medicare Supplement insurance companies).
We are honored that you are using our website to explore your options for Medicare supplement plans. If there is any way we can serve you please use our contact form HERE to let us know.