Which Medicare Supplement Policy is the right one for you?

Start right here to learn about the “secret” disclosed that insurance companies don’t want you knowing. Plan F, Plan G, Plan D, and Plan N explanations are provided.

What is Medicare Part C?

Depending on location, Medicare Part C can be very advantageous. Some of the plans can be free to own ($0/month premiums), and include prescription drug coverage, so you won’t even have to worry about paying for Medicare Part D. Often included are credits for Vision (glasses/contacts), and access to free gym memberships (Silver&Fit/Silversneakers programs). *Also, ask us about plans that buy down your Medicare Part B Premium.

What is Medicare Part D?

be very easy! Simply follow along with the video and you will learn how to find the drug plan that saves you the most money overall. Remember to check every year during AEP (Annual Election Period- October 15-December Finding the right Medicare Part D plan for you will 7) to make sure your plan is still set to save you the most money for the following year.

If you simply don’t want to bother with this, we’ll do it for you. (That’s what friends are for!)

What are Medicare Supplement Insurance (Medigap) Policies?

Medigap policies are standardized Every Medigap policy must follow federal and state laws designed to protect you, and they must be clearly identified as “Medicare Supplement Insurance’ Insurance companies can sell you only a “standardized” policy identified in most states by letters A through D, F through G, and K through N. All policies offer the same basic benefits, but some offer additional benefits so you can choose which one meets your needs. In Massachusetts, Minnesota, and Wisconsin, Medigap policies are standardized in a different way. 

Note: Plans E, H, I, and J are no longer available to buy, but if you already have one of those policies, you can keep it. Contact your insurance company for more information. 

How do I compare Medigap policies? 

Different insurance companies may charge different premiums for the same exact policy. As you shop for a policy, be sure you’re comparing the same policy (for example, compare Plan A from one company with Plan A from another company).

In some states, you may be able to buy a type of Medigap policy called Medicare SELECT (a policy that requires you to use specific hospitals and, in some cases, specific doctors or other healthcare providers to get full coverage). If you buy a Medicare SELECT policy, you have the right to change your mind within 12 months and switch to a standard Medigap policy.

Compare Medigap supplement plans side-by-side

The chart below shows basic information about the different benefits Medigap policies cover.

Yes = the plan covers 100% of this benefit
No = the policy doesn’t cover that benefit
% = the plan covers that percentage of this benefit
N/A = not applicable

* Plan F also offers a high-deductible plan. If you choose this option, this means you must pay for Medicare-covered costs up to the deductible amount of $2,200 in 2017 ($2,240 in 2018) before your Medigap plan pays anything.

** After you meet your out-of-pocket yearly limit and your yearly Part B deductible, the Medigap plan pays 100% of covered services for the rest of the calendar year.

*** Plan N pays 100% of the Part B coinsurance, except for a copayment of up to $20 for some office visits and up to a $50 copayment for emergency room visits that don’t result in inpatient admission.