Compare Medigap Plans

We can help you compare Medigap Plans and rates in your area.

Medicare Part A (hospital) and Part B (medical) only pay 80% of your hospital and medical related expenses, leaving you with the other 20% coinsurance and Part A and B deductibles.   Medigap plans, also known as Medicare Supplement insurance, pay the Part A and Part B 20% co-insurance, plus the Medicare deductibles, that Medicare doesn’t pay (depending on the Medigap plan, see chart below).  Plans are identified by letters A-N, which makes it easy to compare Medigap plans.

Medigap plans are standardized, which means whatever plan you’re looking at… the benefits of that plan and the way that plan pays with Medicare, are exactly the same with every insurance company that sells that plan.  However, insurance companies can charge different rates for the same exact plan.  All Medigap policies though, must follow federal and state laws designed to protect you, and must be clearly identified as “Medicare Supplement Insurance.”  Insurance companies like United Health AARP or Mutual of Omaha, can only sell you a “standardized” Medigap plan.

There are 11 Medigap plans that you can purchase in the country, which makes it easy to compare Medigap plans.  All policies offer the same basic benefits but some offer additional benefits, so you can choose which one meets your needs.  In Massachusetts, Minnesota, and Wisconsin, Medigap policies are standardized in a different way.

Each insurance company decides which Medigap policies it wants to sell, although state laws might affect which ones they offer.  That means they don’t have to sell all 11 plan plans.  Typically, most companies will sell 5-6 of the plans, which are the ones that are purchased the most by consumers.  Insurance companies that sell Medigap policies:

  • Don’t have to offer every Medigap plan
  • Must offer Medigap Plan A if they offer any Medigap policy
  • Must also offer Plan C or Plan F if they offer any plan

More information on Medigap

  • Medigap is health insurance sold by private insurance companies to fill gaps in Original Medicare coverage.
  • Medigap helps pay all, or a portion, of Part A and Part B coinsurance, co-payments, and/or deductibles when Original Medicare determines that a benefit is medically necessary. Some Medigap plans also cover benefits not covered by Original Medicare.
  • Medigap policies are available in standardized benefit plans, identified by the letters A – N (different plans are offered in Massachusetts, Minnesota, and Wisconsin).
  • Turning age 65 and signing up for Part B triggers a six-month Medigap open enrollment period when Medigap plans must be issued, regardless of any pre-existing conditions, called a guaranteed issue right. In limited circumstances, leaving a Medicare Advantage plan will trigger a guarantee issue opportunity. Some states have guarantee issue for Medicare beneficiaries under age 65.

Compare Medigap Plans

Note: The Medigap policy covers coinsurance only after you’ve paid the deductible (unless the Medigap policy also pays the deductible).

Let’s compare Medigap Plans side-by-side. The chart below shows basic information about the different benefits Medigap policies cover.

Yes = the plan covers 100% of this benefit

No = the policy doesn’t cover that benefit

% = the plan covers that percentage of this benefit

N/A = not applicable

 

Medigap Benefits Medigap Plans
A B C D F* G K L M N
Part A coinsurance and hospital costs up to an additional 365 days after Medicare benefits are used up Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes
Part B coinsurance or copayment Yes Yes Yes Yes Yes Yes 50% 75% Yes Yes***
Blood (first 3 pints) Yes Yes Yes Yes Yes Yes 50% 75% Yes Yes
Part A hospice care coinsurance or copayment Yes Yes Yes Yes Yes Yes 50% 75% Yes Yes
Skilled nursing facility care coinsurance No No Yes Yes Yes Yes 50% 75% Yes Yes
Part A deductible No Yes Yes Yes Yes Yes 50% 75% 50% Yes
Part B deductible No No Yes No Yes No No No No No
Part B excess charges No No No No Yes Yes No No No No
Foreign travel exchange (up to plan limits) No No Yes Yes Yes Yes No No Yes Yes
Out-of-pocket limit** N/A N/A N/A N/A N/A N/A  $5,240 $2,620 N/A N/A

* Plan F also offers a high-deductible plan. If you choose this option, this means you must pay for Medicare-covered costs up to the deductible amount of $2,240 in 2018 ($2,200 in 2017) before your Medigap plan pays anything.

** After you meet your out-of-pocket yearly limit and your yearly Part B deductible ($183 for 2018), the Medigap plan pays 100% of covered services for the rest of the calendar year.

*** Plan N pays 100% of the Part B coinsurance, except for a co-payment of up to $20 for some office visits and up to a $50 co-payment for emergency room visits that don’t result in inpatient admission.

If you live in Massachusetts, Minnesota, or Wisconsin, Medigap policies are standardized in a different way.

Are you ready to compare Medigap plans, as well as get rates  on plans in your area? For example Plan F or Plan G? Then, please click the link below.

 

 

Request a quote

 

 

Medicare 2018 costs at a glance

Listed below are basic costs for people with Medicare. If you want to see and compare costs for specific health care plans, we can help. Visit .

2018 costs at a glance
Part A premium Most people don’t pay a monthly premium for Part A (sometimes called “premium-free Part A”). If you buy Part A, you’ll pay up to $422 each month. If you paid Medicare taxes for less than 30 quarters, the standard Part A premium is $422. If you paid Medicare taxes for 30-39 quarters, the standard Part A premium is $232.
Part A hospital inpatient deductible and coinsurance  You pay:

  • $1,340 deductible for each benefit period
  • Days 1-60: $0 coinsurance for each benefit period
  • Days 61-90: $335 coinsurance per day of each benefit period
  • Days 91 and beyond: $670 coinsurance per each “lifetime reserve day” after day 90 for each benefit period (up to 60 days over your lifetime)
  • Beyond lifetime reserve days: all costs
Part B premium The standard Part B premium amount is $134 (or higher depending on your income). However, some people who get Social Security benefits will pay less than this amount ($130 on average).
Part B deductible and coinsurance $183 per year. After your deductible is met, you typically pay 20% of the Medicare-approved amount for most doctor services (including most doctor services while you’re a hospital inpatient), outpatient therapy, and durable medical equipment.
Part C premium The Part C monthly premium varies by plan. Click to learn more on if a Medicare Part C plan (like an ‘all-in-one’ plan with Humana, for example) is right for you.
Part D premium The Part D monthly premium varies by plan (higher-income consumers may pay more). To find out what you need to know about Medicare Part D drug plans, click here.

Are you ready to compare Medigap plans, as well as get rates  on plans in your area?  For example Plan F or Plan G?  Then, please click the link below.

Chad Cason
Owner/Agent

For more personalized service, please call me directly at (888) 901-4870.   I will answer all of your questions and can assist you in finding the right Medigap plan that fits your needs and budget.

Chad Cason – Licensed Agent/Agency Owner

 

 

Request a quote