Getting to know Medicare Supplement (Medigap)

By Steve Duffy - November 25, 2019

Original Medicare Part A and Part B may require you to pay coinsurance for services and supplies. Without an annual limit to out-of-pocket costs, an unexpected medical event could cost you more than your budget allows. To help lower out-of-pocket costs, you can purchase a Medicare Supplement policy. Also known as Medigap or “Med Supp,” Medicare Supplement helps cover the costs that Original Medicare does not, including deductibles, copayments, coinsurance, and medical care while traveling outside of the United States.

Types of Plans

Medigap policies are sold by private insurance companies, and are standardized and regulated by the federal government. They are identified by letters A-N, and you will pay a monthly premium for the coverage. Costs can vary between the same Medigap plan from different companies, even in the same state. Some plans offering more benefits in exchange for a higher premium.

Enrollment

Most people choose to enroll in a Medicare Supplement plan when they are first eligible. You will have an initial Medigap Open Enrollment Period. During this 6-month period that starts when you are 65 years old and enrolled in Medicare Part B, you can buy any Medigap plan sold in your state without medical underwriting. In other words, you cannot be turned down or charged more due to pre-existing conditions during this period. If you choose not to enroll in a Medigap plan when you are first eligible, you will not have a guaranteed issue right to join one.

Ready to find a plan?

“I’m Mary-Beth*. I can carefully walk you through our step-by-step process to help you find a plan that meets your needs.”

Find a plan* Mary-Beth is a digital avatar and not a licensed sales agent.

“I’m Mary-Beth*. I can carefully walk you through our step-by-step process to help you find a plan that meets your needs.”

Find a plan* Mary-Beth is a digital avatar and not a licensed sales agent.

Prefer to talk?

You can talk to one of our friendly licensed sales agents on the phone during our opening hours. They're fully trained and happy to help. No question is too small!

(866) 576-2956 or TTY 711

Mon to Fri 5am - 8pm PT
Sat 6 - 6PT
Sun Closed

Still have questions?

Our Advice Center contains important information you should know about Medicare. So if you have a question, the answer is just a click away.

Visit our Advice Center


I wish I’d known this before I bought my plan…

Helpful things callers learn from our sales agents

image description

There can be penalties if you don’t sign up for Medicare Part B when you’re first eligible to enroll.

Andrew Sivatjian
V.P. of Medicare Sales & Licensed Agent
image description

Some people think they’re stuck with the first plan they choose. They’re not. They can change to a new plan during the enrollment periods.

Silvia Barrera
Sales Manager & Licensed Agent
image description

I often explain to callers who are concerned about the cost of prescription drugs, that there are specific plans that can help reduce how much they have to pay.

Mark Laemmert
Medicare Site Leader & Licensed Agent