Medigap Insurance

Medicare is a great program that helps millions upon millions of people; however, it doesn’t cover absolutely everything you may need depending on your medical condition. If you are one of those people whom need a little more than what the general Medicare policies provide, you may want to consider Medigap insurance. Medigap plans ‘fill in the gap’ of what Medicare misses, and it is bought from a private insurance company. The great thing about Medigap is that it can cover some of the Medicare expenses like deductibles and co-pays. *Please note that if you have a Medicare Advantage Plan, your Medigap policy will not pay out

Which Medigap Insurance Policy Should I Buy?

In the standard system, there are around twelve different policies to choose from – these are named anything between the letters A and L. As you go on further through the letters towards L, the coverage will become vaster and greater compared to the letters beforehand. Every plan offered by different private insurers is the same because the policies are regulated and set forth by the government. Remember, though, that each insurance company has the right to set their own price so be sure to shop around for the best deals and the best coverage.


A Medigap Coverage Chart - More Medigap Info

If both you and your spouse decide on Medigap insurance, you will need to file separately as couples are not processed or covered together as one. There are many guides out there on how Medigap insurance interacts with other insurance policies.

When you’ve decided on your Medigap plan, you have to be quick to act on it. You must file within 6 months of receiving your Medicare benefits or else there is no guarantee that you will be allowed into Medigap at all.



Medigap has pretty much all of the coverage you can ask for, which is why it must be purchased separately from the original Medicare package. Because of the new package through Medicare for prescription drugs (Plan D), Medigap plans no longer provide any type of coverage for these things. Plan D is pretty easy to get signed up for and can save you a ton of money ESPECIALLY if you have any condition that causes you to constantly be paying for any type of prescription drugs from your doctor.

In the end, both Medicare Supplement Insurance and Medigap plans can save you money, stress, time, and most of all worry. There are many plans available out there for you to choose from, and you will be pleased at the amount of money you can save just by switching to a Medicare or Medigap plan. Be sure to talk with your doctor or insurance consultant to find out which plan or plans are right for you.