Whether you are a Senior just turning 65 or Medicare eligible due to end stage renal or certain disabilities, learn everything about Supplemental Health Coverage. Medicare may be very different from anything you’ve experienced in the past. We’ve broken down the 3 things you should consider if you are thinking about purchasing a Medicare Supplemental plan (Medigap) in addition to Medicare.

Original Medicare

Most people start with Original Medicare:  Medicare Part A and Part B. Part A is hospital coverage, and Part B is medical coverage.  You cannot enroll in a Medigap plan without Original Medicare

Key Points of Original Medicare

  • Many people are automatically enrolled in
  • Medicare Part A
  • Sign up for Part B during your initial enrollment or there could be penalties
  • There can be financial gaps in Medicare’s coverage

Click to learn more on our Medicare Overview Page.

Medigap

Medicare Supplemental Plans, AKA Medigap, fill in the gaps that Medicare may not cover.

Key Points of Medigap

  • Federally Standardized Plans, so you can often select an insurance provider based on price
  • Offers range of coverage based on Plan letter
  • All plans cover coinsurance for hospital stays up to 365 days
  • Modernized Medigap plans do not cover Rx

Click to learn more about Medigap.  Visit our quote page to see how much Medigap costs.

Can I switch plans if I change my mind?

Let’s face it—deciding on a Medigap plan isn’t simple. But if you choose one and it doesn’t quite work out, there are usually paths to change it later. If you’re within six months of your Medicare Part B start date, switching is easy and guaranteed. Past that window, some states give you flexibility with special rules like the Birthday Rule. Otherwise, you might need to go through medical underwriting. Wondering what your options are? Our Instant Medigap Underwriting Checker can help—or call us at 800-930-7956 for free advice.

Prescription Coverage

Medicare Part D drug coverage is not included by either Original Medicare or Medigap. Prescription drugs (sometimes called Rx) can be some of the most costly bills for seniors, so it’s important to add this coverage as well.

Key Points of Rx Coverage

  • Sign up during your initial enrollment or there may be a penalty
  • Premiums can be automatically deducted from your Social Security
  • Each Part D provider covers different drugs so make sure to verify your prescriptions are covered (Source)

Visit our Prescription Overview Page for more details.

Next Steps

If you have any further questions or are ready to sign up for Medicare, Medigap and/or Rx call 800-930-7956 or contact Senior65.com.