Medicare supplement insurance (Medigap) helps pay some or all of the out-of-pocket health care costs that Original Medicare Parts A and B does not cover (like deductibles, co-payments, and co-insurance). Medigap plans are offered through private insurance companies and are standardized by the federal government. The different plan types vary in which gaps in coverage they fill, but not all plans are available in all states.

Each standardized Medicare supplement plan must offer the same basic benefits, no matter which insurer sells it. Cost is usually the only difference between plans of the same type.  These plans also let you choose your doctor or provider and they travel with you if you move or travel within the United States.

When trying to determine which Medicare supplement plan is best for you, consider both your budget and level of coverage you are comfortable with. Generally, the more generous the coverage, the higher the monthly premium. You must also always continue to pay your Medicare Part B premium.

For more information, contact us at 941-405-3900.

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