What is a Medicare Supplement?
Medicare Supplements, also known as Medigap policies, are sold by private insurance companies to help you cover the out-of-pocket costs left behind by Medicare.
When you have a Medigap policy, Medicare pays up to its limit on your medical expenses. Then, your Medicare Supplement plan starts to help with covering costs up to the plans limit. That limit usually covers what Medicare didn't, however, that will depend on which policy you select.
What do Medicare Supplements cover?
Original Medicare only covers 80% of your Part B expenses. The other 20% comes out of your pocket if you do not have a Medicare Supplement policy also referred to as Medigap. If you were to have a lengthy stay in a hospital or expensive treatments at outpatient facilities, you can see how that could add up.
Medicare Supplements pay that 20% for you.
Is there anything not covered by Medicare Supplement Plans?
Things that are not covered by Original Medicare on your Medicare Supplement:
- Routine dental, vision, and hearing exams
- Hearing aids
- Eyeglasses or contacts
- Long-term care or custodial care
- Retail prescription drugs
Which Medigap Plans Can I Choose From?
Plans that are highlighted in green above are the 3 most popular plans that clients choose when selecting a Medigap/Medicare Supplement plan.
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The purpose of this website is to provide general information about Medicare, Medicare Advantage, Medicare Supplement (Medigap), Medicare Part D, and other health-insurance-related topics. The information on this site is for educational purposes only and is not a substitute for reviewing official Medicare resources. If you call the phone number listed on this website, you will be connected with a licensed insurance agent who can provide information about the plans they offer.
BarBon Insurance uses publicly available government sources, including official Medicare websites and publications, to help provide general information. While we believe these sources to be reliable, we cannot guarantee the completeness or accuracy of the information provided. All content on this website is for informational purposes only and may change without notice.For official and up-to-date information about the Medicare program, please visit the Centers for Medicare & Medicaid Services (CMS) at Medicare.gov.