Medicare Supplemental Insurance Comparison: Find Your Perfect Plan

Are you looking to purchase Medicare supplemental insurance, but aren’t sure which policy to go with?

As you may already know, there are certain things that just aren’t covered by Medicare. For example, Medicare doesn’t always cover copays or cover you when you’re traveling abroad.

This is why many people choose to purchase supplemental insurance to fill in those gaps. But, what supplemental insurance should you buy? Check out this Medicare supplemental insurance guide to learn how to find your perfect plan.

Medicare Supplemental Insurance Comparison: Medigap

If you’re looking for supplemental Medicare insurance, many Medicare Health Insurance Experts will tell you to purchase Medigap.

Medigap covers some of the costs that aren’t covered by Medicare. You can purchase Medigap through a private insurance company such as Blue Cross Blue Shield or AARP.

Unlike Medicare, Medigap is not administered by a central body. While the basic offerings are the same across the board, how much you pay for Medigap insurance will depend on the provider you sign up with.

Because seniors often face bigger health risks, they want to know that their medical treatment will be covered without breaking the bank. This is why so many seniors sign up for a Medigap insurance plan.

Depending on the plan you choose, your Medigap insurance may cover doctor visits, hospital stays, nursing home facility stays, or in-home care.

Medigap: What Does it Cover?

Medigap comes in standardized plans that are identified by a unique letter. The plans are available in A, B, C, D, F, G, K, L, M, and N.

What each letter covers remains the same regardless of where you purchase your insurance from. For example, 80% of travel emergencies are covered by plans C, D, F, G, M, and N. Skilled nursing care is covered in full by plans C, D, F, G, M, and N. If you need blood during treatment, the first three pints are covered by all plans except for K and L.

If you live in Minnesota, Massachusetts, or Wisconsin, it’s important to know that these states have their own standardized plans. If you live in one of these states, contact your local state’s Department of Insurance to learn what’s available in your area.

Applying for and Using Medigap Insurance

To apply for Medigap insurance, all you need to do is search what’s available in your area online. Then, you can purchase the insurance through a private company, just as you would with auto, home, or health insurance.

Remember, while premiums vary by company, what’s covered under each plan remains the same. Once you’ve purchased your Medigap insurance, you can use it anywhere that Medicare is accepted.

Medicare Supplemental Insurance Comparison: Are You Ready to Buy?

Now that you’ve read this Medicare supplemental insurance comparison guide, it’s time to start researching Medigap plans to learn which one is right for you. The last thing you want is to experience a medical emergency where you can’t pay your medical bills, so make sure to take your time researching each plan so you can find the one that best suits your health and lifestyle.

And, be sure to check back in with our blog for more insurance purchasing tips and tricks.