Medicare Supplement

Medicare Supplement Plans

Medigap

Medicare Supplements also known as "Medigap" helps fill in the gaps in Original Medicare by covering out-of-pocket costs that are left over. Original Medicare, Part A & B, covers a lot of your healthcare expenses, but it does NOT cover everything. Medigap plans are offered by private insurance companies that help pay for the hospital & medical costs that Original Medicare does not cover such as copayments, coinsurance, and annual deductibles. Please note that Medigap plans are NOT the same as Medicare Advantage plans and do not provide coverage for prescription drugs, vision, or dental. Explore further details about Medigap plans in the section below.

Advantages Offered by Medigap Plans

Upon reaching the age of 65 it is very common to assume that Medicare will comprehensively cover all medical expenses during your retirement. While Medicare does cover a significant portion of medical costs, it does NOT cover everything. Medicare has a substantial Part A deductible and typically only covers 80% of outpatients and doctor bills. For instance, let's say you encounter a $15,000 ambulance bill after you pay your annual Medicare Part B deductible. Your Medicare Part B coverage will pay 80% of the bill. If you enrolled in a Medigap plan that includes coverage for Part B copayments and coinsurance, it would cover the remaining 20% coinsurance of the $15,000 ambulance bill. Some Medigap plans will offer coverage for the Part B deductible.
Medigap plans do NOT have any network restrictions, allowing beneficiaries to receive care from any provider or hospital that accepts Medicare. Additionally, beneficiaries do NOT need to reside in a specific area for their Medigap plans to cover their services. Since Medigap plans offer nationwide coverage, they can be highly beneficial for beneficiaries who travel frequently or spend extended periods away from their primary residence.
During your Medicare Open Enrollment Period, you have the freedom to select any Medigap plan without the risk of being denied coverage. However, if you have been enrolled for more than six months, changing plans would require going through medical underwriting.
It's important to understand that Medigap plans are not as expensive as people may think. While there are premiums associated with your Medigap plan, in addition to your Medicare Part B premium, you will likely notice reduced premium compared to what you have paid for insurance in the past.

Our Medicare Supplement Carriers

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Seniority Insurance Group, LLC is a non-government entity, a health insurance agency. We do not offer every plan available in your area. Currently we represent 7 organizations which offer 40 products in your area. Please contact Medicare.gov, 1-800-MEDICARE, or your local State Health Insurance Program (SHIP) to get information on all of your options. We represent Medicare Advantage [HMO, PPO, and PFFS] organizations and stand-alone PDP prescription drug plans that have a Medicare contract. Enrollment depends on the plan’s contract renewal. Extra benefits require enrollment in an MA plan and depend on whether you are eligible to enroll in an MA plan in your area. Benefits are available only in select areas.

Medicare Supplement insurance is available to those age 65 and older enrolled in Medicare Parts A and B and, in some states, to those under age 65 eligible for Medicare due to disability or End-Stage Renal disease.

The purpose of this communication is the solicitation of Insurance. Contact will be made by an insurance agent/producer of insurance company.

Medicare Supplement insurance plans are not connected with or endorsed by the U.S. government or the federal Medicare program.

Medicare Supplement