The Medigap Alphabet of Supplemental Insurance Explained

Supplemental Insurance

Medicare has its own alphabet: Plan A, Plan B, Plan D. Medigap goes Medicare seven better with Plans A, B, C, D, F, G, J, L, M and N. But don’t be dismayed, each plan just has different coverage and you can easily find the one that best fits your needs.

All the alphabet of plans cover Medicare Part A coinsurance and hospital costs up to an addition 365 days after Medicare benefits are used up. Most cover Part B coinsurance and copays, with the exceptions being K, which pays 50% and L, which pays 75%.

The first three pints of blood are covered by all except K and L (same percentages). All also cover Part A hospice care coinsurance and copayment, except K and L (same percentages).

Coverage of other benefits, including payment of deductibles and excess charges, will vary depending on the plan. See http://www.medigap2018.org/ for details.

F is the gold-plated Plan

Plan F is the only Medigap plan that covers all listed benefits. It is also the most expensive. It may or may not be the best plan for you, depending on your degree of medical issues and how frequently you are in a hospital.

In fact, Plan F is the supplement plan that more people are signing up for, according to Medicare. If you go to the hospital frequently and require constant treatment for you medical conditions, this may be the one for you. You also need to compare costs to be certain you are able to afford the supplemental plan.

Each company licensed in each state must offer Medicare’s standardized list of benefits but they are available in different plans. Massachusetts, Wisconsin and Minnesota are the only three states whose policies are not standardized the same as other states. If you live in those states, visit the following site to discover what your available benefits are:

https://www.hometownhealth.com/wp-content/uploads/2015/06/Z15-Choosing-Medigap-Policy2.pdf

Your supplemental coverage should be selected according to your needs. You may be best served by a Medicare Advantage plan or one of the Medigap plans may fit your needs. You have a wide range of choices.

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