Medicare Supplemental Insurance, also called Medigap, is health insurance offered by private companies to help cover the gaps that original Medicare doesn’t cover. To be eligible for a medicare supplement, you must first be enrolled in Medicare A and Medicare B. Before purchasing, you should first do a medicare supplemental insurance comparison to determine which policy best fits your needs.
Like many others, you are probably living on a fixed income and the Medicare out-of-pocket expenses can become too much. Having a Medigap plan will be beneficial in picking up some of these costs. The following is a medicare supplemental insurance comparison to aid you in your decision.
Medigap Plan A covers Medicare A coinsurance, Medicare B coinsurance or co-payment, the first three pints of blood, Medicare A Hospice care coinsurance or deductible and Medicare preventative care Part B coinsurance.
This plan has all of the same coverage as Medigap Plan A in addition to covering Medicare Part A deductible.
Medicap Plan C covers that of Plan B and also skilled nursing facility care coinsurance and foreign travel emergency.
This Plan is the same as Plan C except for it doesn’t cover the Medicare B deductible.
This high deductible plan covers all of Plans A, B, and C as well as Part B excess charges. With this plan, you must pay up to $2000 before Medigap will pay.
Medigap Plan G is much like Plan F with two differences; it is not a high deductible plan nor does it cover Medicare Part B deductible.
Medigap Plan K has the following coverage: Part A coinsurance, Preventative Care Part B coinsurance, 50% Part B coinsurance or copayment, 50% fo the first three pints of blood, 50% of Part A hospice care coinsurance or co-payment, 50% skilled nursing facility care coinsurance, and 50% Medicare Part A deductible.
This plan has the same exact coverage as Plan K except that Plan L covers 75% in the areas where Plan K covers only 50%.
Medigap Plan M offers the same coverage as Plan D except it only covers 50% of the Part A deductible.
This plan also offers the same coverage as Plan D. The only difference is that you must pay up to $20 co-payment for office visits and up to $50 in emergency room visits before the Part B coinsurance picks up.