Medicare Supplemental Plans

A Medicare Supplement plan, or Medigap, is private insurance that helps pay the out-of-pocket costs (like copays, coinsurance, and deductibles) left over by Original Medicare (Parts A & B) for people already enrolled in both. These plans are standardized (identified by letters A-N), offering consistent coverage for the same letter across different companies, with premiums being the main differentiator. They provide predictable costs, nationwide coverage, and guaranteed renewal, but you pay an extra monthly premium in addition to your Part B premium and must have Original Medicare to buy one, according to Medicare.gov.

How it works

  • Fills coverage Gaps:

    Original Medicare pays for a large portion of costs, but you're responsible for deductibles, copayments, and coinsurance; Medigap helps cover these.

  • Standardized Plans:

    Plans with the same letter (e.g., Plan G) offer the same basic benefits, regardless of the insurer, though prices vary.

  • Private Insurance:
    Sold by private companies, but regulated by state and federal laws.

  • Added cost: 

    You pay a monthly premium for the Medigap policy, plus your Medicare Part B premium.

Key Benefits

  • Freedom: Use any doctor or hospital that accepts Medicare assignment, with no referrals needed for specialists.

  • Predictability: Know your costs upfront for Medicare-covered services.

  • Guaranteed renewal: Your policy can't be canceled due to health problems as long as premiums are paid.

What it doesn't cover

  • Prescription drugs: Requires a separate Medicare Part D plan.

  • Other care: Generally doesn't cover long-term care, vision, dental, hearing aids, or private nursing. 

Important Note

  • Not Medicare Advantage: Medigap works with Original Medicare; Medicare Advantage (Part C) is an alternative way to get your Medicare benefits. 

Some of the companies I represent

Currently in these States

Alabama

California

Florida

Missouri

Mississippi

Oregon

Texas

© 2023 Hylton Insurance. All rights reserved.

We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Not affiliated with any government agency including Medicare. Please contact Medicare.gov or 1-800-MEDICARE to get information on all your options.