Medicare Supplement Plans

Original Medicare pays for many, but not all, health care services and supplies. Medicare Supplement Insurance policies, sold by private companies, can help pay some of the health care costs that Original Medicare doesn’t cover, like copayments, coinsurance, and deductibles. Medicare Supplement Insurance policies are also called Medigap policies.

Some Medigap policies also offer coverage for services that Original Medicare doesn’t cover, like medical care when you travel outside the U.S. If you have Original Medicare and you buy a Medigap policy, Medicare will pay its share of the Medicare-approved amount for covered health care costs. Then, your Medigap policy pays its share. You have to pay the premiums for a Medigap policy.

Choose and compare carefully. Medicare Supplement plans are different from Medicare Advantage plans.

What else should I know about Medicare Supplement Insurance (Medigap)?

Important facts

  • You must have Part A and Part B.
  • You pay the private insurance company a monthly premium for your Medigap policy in addition to your monthly Part B premium that you pay to Medicare. Contact the company to find out how to pay your premium.
  • A Medigap policy only covers one person. Spouses must buy separate policies.
  • You can’t have prescription drug coverage in both your Medigap policy and a Medicare drug plan.
  • It’s important to compare Medigap policies since the costs can vary and may go up as you get older. Some states limit Medigap premium costs.

 

Additional Resources

Medicare & You 2017 (Government Guide to Medicare)