What is Supplement Medicare Insurance?

What is Supplement Medicare Insurance?

What is Supplement Medicare Insurance? It goes by many names. You may have already heard of one of these variations:

  • Medicare Supplement Insurance
  • Supplemental Medicare
  • Medigap
  • Medicare Gap Insurance

All of these terms refer to the same thing: a type of insurance plan you can purchase to round out your Medicare coverage.

What does Medicare cover?

When you first become eligible, you’ll be able to enroll in “Original Medicare” or Medicare Parts A and B. Those plans offer coverage for hospital visits and doctor’s appointments.

That leaves about 20% of anticipated health care costs that will come out-of-pocket (things like your coinsurance, copayments, and deductibles). As a result, many Medicare beneficiaries choose to purchase a Medicare Supplement Insurance plan in order to avoid these surprise out-of-pocket costs.

What does Medicare Supplement cover?

If you decide that a Medigap plan is right for you, there are several options you can choose from.

There are 10 plan types that offer varying levels of coverage. From minimal to comprehensive, you’ll be able to choose the plan type that best suits your budget and coverage preferences. Visit our comparison chart to see the plan types side-by-side.

Choosing the right Medicare Supplement plan

Supplement Medicare plans are standardized by the federal government, making them uniquely easy to compare. Once you know which of the 10 plan types is a good fit for you, you can easily compare insurance carriers to find the lowest rate. But be aware, there are many factors that go into Medigap shopping: your location and the plan’s rating will be essential in determining your monthly rate.

It can be time-consuming to gather all this information on your own. United Medicare Advisors does the hard work for you by showing you plans from multiple carriers side-by-side to find your best-fit plan at your best-fit price.

If you need help deciding which of the 10 plan types is right for you, we can help you make that decision too! With no obligation to enroll, you’ll still be able to get the one-on-one assistance you need before purchasing anything.

In one simple phone call, our Licensed Insurance Agents take the time to learn about your unique needs to give you a personalized shopping experience, helping you navigate your options and feel confident in your coverage.

It's free and no obligation!

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