Medicare Supplements

Step into the realm of Medicare Supplement plans, where you can effectively fill the voids in your healthcare coverage, providing you with enhanced peace of mind. Amidst the vast array of choices within the healthcare landscape, it can often become challenging to stay abreast of the most suitable options for your needs. That’s precisely why we’re here: to illuminate the benefits of Medicare Supplement plans, commonly referred to as Medigap policies.

What is Medigap?

Medigap plans, provided by private insurance companies approved by Medicare, aim to bridge the coverage gaps that exist in Medicare Parts A and B (also known as Original Medicare). These plans complement your existing Original Medicare coverage.

What Do Medigap Plans Cover? 

While Original Medicare addresses numerous healthcare expenses, Medigap plans step in to cover various out-of-pocket costs that might not be fully covered by Original Medicare. These plans encompass expenses like Medicare deductibles, coinsurance, copayments, doctor’s services, laboratory costs, and even medical care received abroad.

To maintain the benefits of your Medigap plan, you must ensure you pay your monthly premiums for the plan itself as well as any associated premiums for Medicare Parts A and B. Depending on your employment history, you may be exempt from paying a monthly premium for Part A if you or your spouse worked for more than 40 quarters or for the government. Medicare Part B typically carries a standard monthly premium ($164.90 for 2023), which may be subject to adjustments based on your income.

What Medigap Plans Are Available?

Various Medigap plans are available, each presenting distinct coverage options and associated costs. These plans comprise:

Are you ready to delve into the world of Medicare Supplement plans? Reach out to us today to gain insights and find the plan that aligns perfectly with your requirements. Take control of your healthcare journey and embrace comprehensive coverage that effectively bridges the gap.

Koran Smith

Owner & Licensed Agent

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