General Concept Of Medicare Supplement Plan

medical expenditure


Are you a subscriber to the original Medicare and you are looking for other ways that you can cut down medical expenditure in places where the original Medicare do not cover? Well, worry no more because this article will explain exactly how you can achieve that by subscribing to a Medicare supplement plan; A plan that covers you in situations that were not covered by the original Medicare.


Also known as the Medigap plan, Medicare supplement plan will help in many ways. The Part A and B of the Original Medicare plan will make payments for health-care assistance and deliveries, but will not be able to pay for medical and hospital bills. It is in such cases where Medigap comes in to play, saving you a lot of money and time. Medicare supplement plans are issued by private insurance institutes, whereas, the original Medicare is not. Click HERE to Compare Medicare Supplement plans for 2019


Facts about Medigap plans


  • You must be a subscriber or you should be making use of the original Medicare plan to be able to apply for a Medicare supplement plan.
  • You must be above a certain age to be able to apply (in some countries, 65 is the minimum age for applicants).
  • To get a Medicare supplement plan, you should have Part A and Part B of Medicare.
  • All policies related to Medigap must be without any doubt, proven to be "Medicare Supplement Insurance".
  • Only a single person can be covered by a Medigap plan. Hence, for married individuals, the husband and the wife will need to purchase two separate Medigap plans.
  • Providers that are ok with using Medicare will permit you to use your Medicare supplement policy flexibly. Nevertheless, other versions of Medigap policies such as "Medicare SELECT Plans", will only be accepted by medical institutes and professionals within the network of the provider.
  • Medicare supplement plans differ across states or nations
  • Location of the insurance company and/or the plan of the Medigap policy you wish to buy can affect the Premium cost.
  • Generally, renewing of a Medigap plan is guaranteed, so far as you remain a subscriber to that plan.

Medigap plan Benefits:


Presently, there exist only 10 standardized Medigap plans represented as alphabets (A, B, C, D, E, F, G, H, I, J, K, L, M, N). They are made available in almost every nation or state. Benefits from Medicare supplement plans within a specific category are the same, even though the variation of the premium and Medicare supplement plan is great. Some benefit of the Medigap policy include:


  • Part A of Medicare hospital bills and coinsurance (about 365 additional days after Medicare benefits are fully consumed)
  • The first 3 pints of blood.
  • Hospice care Part A copayment or coinsurance
  • Part B of Medicare copayment or coinsurance

Getting a Medicare supplement plan is a great and wise decision to make. So, if you are still lacking behind not because of your age, but because of some meaningless reason, I strongly hope this article changes your mind because it will benefit you the most if you subscribe to a Medigap plan