Medicare Supplement Plans (Medigap)

At Cerverizzo Insurance Agency, we understand that finding the right Medicare Insurance coverage is complicated. Choosing the right Medicare Supplement plan can make the difference in whether or not you can afford the medical attention you need. Coverage changes when federal and local laws change and as you age, your personal coverage needs often change as well. Fortunately, Cerverizzo Insurance Agency is here to help you look out for your best interest and help make sense of all Medicare coverage options, including Medicare Supplement plans. 

A Medigap policy, also known as Medicare Supplement Plan, is a private health insurance that helps supplement your Original Medicare policy. It does so by helping to pay for a portion of healthcare costs that your Original Medicare policy doesn’t cover. For example, copayments, coinsurance, and deductibles are sometimes referred to as “gaps” in Medicare coverage.

All Medigap policies must follow federal and state laws, which are designed to protect you. These laws, for example, make it mandatory for all policies to be clearly identified as “Medicare Supplement Insurance.”  They also state that Medigap insurance companies can only sell you a “standardized” Medigap policy. In other words, Plan F is Plan F no matter who you buy it from, and Plan E is Plan E no matter who you buy it from.

Since the coverage is identical, the cost is one of the differences you need to consider when deciding which insurance company to choose. The price spread is so large that premiums can actually be double for the exact same coverage! Plus, premium rates are not always stable, and there is a chance of them rising in the future. For these reasons, it’s important to discuss your Medicare Supplement needs with an independent insurance agency like Cerverizzo Insurance who represents various companies and can help you find the best policy at the best rate for you.

You will be able to choose from up to 12 different standardized Medigap Supplement Plan policies. These include Medigap Plans A through L, with some states having a high-deductible Plan F and Plan G policy.

The most popular Medicare Supplement policy is Plan F because it provides the most comprehensive coverage. You must, however, make a tradeoff in cost as Plan F is the most expensive plan. Though, with the high-deductible Plan F option, the monthly premium is typically lower than other plans. Take a look at the chart below to see a comparison of the Medicare Supplement Plans.

To see a list of all the Medicare supplemental plans available – take a look at our Medigap supplement chart below. This chart appears in the “Choosing a Medigap,” booklet published by Medicare itself. It details the benefits covered by each different plan.

Some of our clients have found Medicare’s handbook hard to read, so here on our site, we’ve tried to use simpler terms. Our pages about the different Medicare Supplements include examples of how the coverage would pay. This will help you understand how they work in real situations.