All About Medicare Supplemental Insurance

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medicare supplemental insurance medigap What is a Medicare Supplement? Also called “Medigap insurance,” this type of plan helps pay for what Original Medicare does not pay for. It pays the in-between so you don’t have to pay out-of-pocket for insurance. If you have Original Medicare and have a Medigap policy, Original Medicare will pay for MOST of your medical expenses, and Medigap will pay for the rest.

Pricing differs depending on your plan and what state you live in. You can buy a Medigap policy from any insurance company who are licensed to sell one. It is illegal, however, for a company to sell you a plan if you already have a Medicare Advantage Plan. Private insurance companies are required to sell you a general benefits package, but each company can change their premium price. So, it’s best to shop around for the best price. For a quote with us, click HERE.

Medigap does not cover everything. These policies do not cover dental care, vision care, hearing aids, or long-term care. The best time to apply for insurance is at the beginning of the month during the enrollment period. If you are 65 or older and enrolled in Part B for six months, you are eligible for apply for Medigap insurance.

I’m licensed to sell Medigap insurance in Wisconsin, Minnesota, Wyoming, and Colorado. Click HERE to send me a message about getting started. If you live within four hours of my office, I will drive to meet you face-to-face. I look forward to meeting you!

Here are quick facts about signing up for Medigap coverage

–          You must already have Original Medicare Part A and Part B coverage
–          You pay an insurance company separately for a Medigap policy
–          You are not able to cover more than one person on one policy
–          Medigap insurance does not cover prescription drug

CARRIERS: United Health Care, WPS, Anthem Blue Cross Blue Shield, Humana, United American insurance Co.