Medicare Supplement Plans
What Is Medicare Supplemental Insurance?
Medicare supplemental insurance is often referred to as Medigap, so don’t worry if you hear or see the names mentioned interchangeably—they’re the same thing. Medigap policies are sold by private insurers, though the plans themselves are federally regulated. Each plan is designed to provide extra coverage and fill in any gaps Medicare leaves behind.
How Does Medigap Work?
What Does Medigap Cover?
Contact Carolina Insurance Partners
What Are The Different Medigap Plans?
Plan A
This plan has fewer benefits than other Medigap insurance plans, but still covers the 20% of outpatient medical care that you’d usually be responsible for.
Plan B
Plan B has the same benefits as Plan A, with the addition of covering your Part A hospital deductible.
Plan C
Plan C covers almost all expenses that would normally fall to you, save for excess charges—a 15% surcharge on healthcare services your doctors may or may not charge.
Plan D
This plan covers almost everything. The only costs you’ll still be responsible for are excess charges and your Part B deductible.
Plan F
Plan F is the most comprehensive Medigap plan. It covers 100% of the costs you would normally be responsible for—hence its popularity.
Plan G
Plan G is similar to Plan F in its coverage. The only thing you’re responsible for paying is your Part B deductible. Plan G then pays for everything else.
Plan K
This plan offers lower premiums in exchange for fewer benefits. It covers your Part A deductible, but you’ll share in costs for almost everything else.
Plan L
Plan M
This newer plan covers almost everything. You’ll only be responsible for half of your Part A deductible and all of your Part B deductible, plus any excess charges.