Last updated October 2018
Medicare Supplements (also called Medigap) can be purchased to cover the above gaps in Medicare Parts A & B. These are standardized benefit plans that are offered by private insurance companies. There are ten plans available that companies can offer. These plans include: A, B, C, D, F*, G, K, L, M, N. (*Plan F also comes in a high-deductible plan option.) With Medicare being the primary coverage, doctors and hospitals will submit claims to Medicare first and then the MediGap plan is electronically notified to pay the balance.
Medicare Supplement Plan F is the best MediGap plan available and the most popular nationwide. Medicare Parts A & B and Medigap Plan F working in coordination with each another, will cover 100% of Medicare approved services when seeing any physician/facility in the country that contracts with Medicare. NOTE: In 2015, Congress signed a law that in part will affect Medicare Supplements. On or after January 1, 2020 a Medicare Supplement that covers the Medicare Part B deductible will no longer be available for sale. That will eliminate Plan C and Plan F from being sold to new Medicare beneficiaries. If you already have Plan F or Plan C, you can keep them. The law only affects new enrollees.
If you visit a provider who has opted out of Medicare (no longer enrolled as a Medicare provider), you will be responsible to pay the full cost of services utilized. With few exceptions, Medicare Supplements will not pay when Medicare does not pay.
OnlyHealthInsurance believes that Medicare Supplement insurance is, in part, the best approach for creating a comprehensive healthcare package. Please call us for more information about Medicare and Medicare Supplements. We offer a complementary Medicare Part D consultation for our new Medicare Supplement clients. Be sure to ask for your free Medicare Guide to Choosing a Medigap Policy.