Medicare Supplement Plans

Do you have a fairly frequent doctor or hospital visits? If so, you may already know that Medicare Part A and Part B come with out-of-pocket costs you have to pay. You might be able to save money with a Medicare Supplement insurance plan. Medicare Supplement, or Medigap, insurance plans fill in gaps in basic benefits left behind by Original Medicare, Part A, and Part B, such as deductibles, coinsurance, and copayments.

In 47 states, there are up to 10 standardized Medicare Supplement insurance plans that are denoted by the letters A through N (plans E, H, I, and J are no longer sold). The private insurance companies offering these plans do not have to offer every Medicare Supplement plan, but they must offer at least Plan A.

Please note that although the names may sound similar, the parts of Medicare, such as Part A and Part B, are not the same as Medigap Plan A, Plan B, etc.