Medicare – Medigap Supplement Guide
Are You Still Confused About Medicare?
Medigap 4 Seniors has created an easy guide to help you understand health insurance for seniors, specifically focusing on Medicare Supplement plans. Just read below to get educated on how Medicare and Medigap insurance works.
Key Things to Know
Here’s a simple overview to help you understand the basics and decide if Medigap is right for you.
- To purchase a Medigap insurance plan, you must have both Medicare Part A and Part B.
- It's important to note that Medigap only works with Original Medicare, not with Medicare Advantage.
- All Medicare Supplement plans provide the same benefits regardless of the company you choose; the only variation is in the pricing.
- Medigap can assist in covering costs for up to 365 additional hospital days once Medicare's coverage concludes.
- Additionally, it may cover services that Original Medicare does not include.
When to Buy
The best time to buy a Medigap plan is during your 6‑month Medigap Open Enrollment Period.
During this time:
• Companies must sell you any health insurance for seniors plan they offer
• They cannot charge more because of health problems
• They cannot make you wait for coverage to start
If you wait until after this period, you may pay more or be denied coverage, especially when looking for Medicare Supplement plans or Medigap insurance.