What is Medicare Supplement Insurance (Medigap)?

Traditional Medicare requires out-of-pocket costs that can add up. How do you get help paying for some of these costs? Medicare Supplement Insurance (Medigap) is a private insurance policy that can help pay for some of the costs associated with Medicare Part A + Part B. It is our mission at Medigap-Quote to help eligible Medicare beneficiaries understand these products and provide tools to assist in the decision making process.

How do I find an affordable plan?

Selecting a Medicare Supplement plan can be a difficult decision, especially considering the number of plans that are available. We are here to help make that decision easier. By providing information, tools, and the resources to get a quick and reliable quote, the path to finding the right Medicare coverage has never been easier. Request your free quote today (no obligation) or call now to speak to a licensed insurance agent.

Understanding the basics for three private Medicare options:

Medicare Supplement Plans – Otherwise referred to as “Medigap” insurance, these plans help pay for “gaps” in Original Medicare. There are 10 standardized plans available in most states. Each plan type covers a different combination of out-of-pocket Medicare costs.

Medicare Part C Plans – Otherwise referred to as “Medicare Advantage”, these plans replace traditional Medicare with a private health insurance plan that offers the same benefits and possibly additional benefits. They work like an HMO or PPO health plans. They limit out-of-pocket expenses every year and may require you to stay in-network for services. Medicare Advantage may include drug coverage.

Some of the organizations providing plans with these benefits include: Humana^®, UnitedHealthcare^®, Anthem Blue Cross and Blue Shield^®. Not all plans offer all of these benefits. Benefits may vary by carrier and location. Limitations and exclusions may apply.

Medicare Part D Plans – Covers the cost of outpatient prescription drugs. You can get Part D coverage through a stand alone prescription drug plan that you can use alongside Original Medicare, or you can join a Medicare Advantage plan that includes Part D drug coverage. They have a Formulary or List of Covered Drugs and only Formulary drugs count as out-of-pocket.