What is a Medicare Supplement?

Medicare Supplements, also known as Medigap policies, are sold by private insurance companies to help you cover the out-of-pocket costs left behind by Medicare. Medicare supplements are created by the government, NOT the individual carriers, so the coverage under a specific lettered plan (such as G) will all have identical coverage, the PREMIUMS and yearly increases are essentially where they become different. JBA Insurance walks you the through the process of finding the best coverage, at a price that best fits YOUR specific needs and budget.

When you have a Medigap policy, Medicare pays up to its limit on your medical expenses. Then, your Medicare Supplement plan starts to help with covering costs up to that specific plan's limit. That limit usually covers what Medicare didn't, however, that will depend on which specific type of supplemental policy you select, as there are a few different types. Again, JBA Insurance will walk you through the process to determine which is your best option.

What do Medicare Supplements cover?

Original Medicare only covers 80% of your Part B expenses. The other 20% comes out of your pocket if you do not have a Medicare Supplement policy also referred to as Medigap. If you were to have a lengthy stay in a hospital or expensive treatments at outpatient facilities, you can see how that could add up.

Medicare Supplements pay that 20% for you. You need not worry about doctors being in network, as there are NO NETWORKS with a supplemental plan. Coverage is dependent upon whether or not a carrier accepts Medicare or not. So are free to visit any provider you wish SO LONG as they ACCEPT Medicare.

Is there anything not covered by Medicare Supplement Plans?

Things that are not covered by Original Medicare on your Medicare Supplement:

  • Routine dental, vision, and hearing exams
  • Hearing aids
  • Eyeglasses or contacts
  • Long-term care or custodial care
  • Retail prescription drugs
  • Anything that may be considered to be a "cosmetic" procedure

Which Medigap Plans Can I Choose From?

Plans that are highlighted in green above are the 3 most popular plans that clients choose when selecting a Medigap/Medicare Supplement plan. *Note that Plan F is only available for people who turned 65 prior to January 2020.

Get a Consultation

& Quote at No Cost

JBA Insurance Brokers - Copyright 2021 -- All Rights Reserved

Phone: 888-417-1999 Email: johnb@jbainsurance.net