Medicare Supplemental Insurance Quotes - Medicare Supplements Made Easy

Medigap Insurance Policy

Medigap insurance policies (also known as Medicare Supplement Policies) are sold by private insurance companies to fill some of the gaps in medical expenses that Medicare Part A and Medicare Part B don't pay. You might be thinking about getting one of these Medigap insurance policies for the first time when you turn 65. Some people who receive disability benefits may be entitled to purchase a Medigap insurance policy before they turn 65. Or you might already have a policy but you're thinking of changing to a different one that you’re eligible for. In any case, you should know about some important differences among policies in order to make a good choice.

Medicare Part A and Part B together pay only about half of all medical expenses for seniors. Medigap insurance policies fill some of these gaps by covering some costs and services that Medicare doesn't.

A Medicare Part C managed care plan, also called Medicare Advantage, is another way to fill gaps in Medicare payments. If you're enrolled in a Medicare Advantage managed care plan, you do not also need a Medigap insurance policy.

The federal government regulates what Medigap insurance policies cover. As of June 1, 2010, only 10 types of policies -- in what are known as Plans A through D, Plans F through G, and Plans K through N -- are offered. Medigap Insurance Policy Plans E, H, I, and J were sold before June 1, 2010, and may be kept by those who already have them but are no longer available for purchase. Every policy issued within any one of these 12 plans provides the same coverage as every other policy within that plan, no matter which insurance company issues it. Other terms besides coverage -- such as premiums, when the policy will begin paying benefits, and how the insurance company goes about raising premiums over the years -- differ from policy to policy.

It's worth spending the time to compare the plans. Medicare Supplements Made Easy can help you determine which Medigap Insurance policy will fit your needs the best and can also provide you with pricing information for all of the companies that offer Medigap insurance policies in your area. This is important because although the plans are exactly the same, pricing can vary drastically for Medigap insurance policies sold by different insurance companies. Using a brokerage like Medicare Supplements Made Easy can save you a tremendous amount of time to compare pricing on Medigap insurance policies.

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