Confused by Medicare?
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Medicare Supplement / Medigap Plans
Medicare Supplement / Medigap Insurance is not Part C which is an Advantage Plan. It is not Original Medicare which is Part A and/or Part B and does not come with Part D drug insurance.
It is a supplement insurance which helps pay for some of the costs Part A (hospital) and Part B (doctors and out patient services) do not pay.
Here are some questions you might ask yourself that Welch Insurance can answer about Medicare Supplement Insurance / Medigap.
Frequently ask questions:
How many Medigap plans are there?
A: There are 10 plan types available in most states, and each plan is labeled with a different letter that corresponds to a certain level of basic benefits.
What plan fits my budget?
A: Depending on the plan and the state you live in, the premiums range from $60 to $230 when aging into Medicare.
Which plan fits my medical needs?
A: You should consider your medical issues that may cause you to need more use of the plan you select.
Is the coverage different in each Medigap plan offered?
A: In most states, Medigap insurance plans have the same standardized benefits for each letter category.
Do all companies have the same premium for the same plan?
A: No, the premiums for the same plan may vary by as much $100 for the same letter plan.
What is the difference in premium between a high deductible Plan G and a conventional Plan G?
A: The high deductible Plan G can be as low as $60 per month whereas the conventional Plan G can be as high as $200 a month for someone aging into Medicare, depending on the state you live in.
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