Medicare supplemental coverage is sold by private insurance firms like Aetna, Central States Indemnity, Cigna, Forethought, Mutual of Omaha etc. and help pay many or all of the health care costs that Original Medicare would not cover, such as deductibles, co-payments, and coinsurance. Medicare is the government health insurance plan that pays a share of the health care costs for individuals who are sixty-five or older. Given that Medicare supplement insurance can pay for out-of-pocket charges that Medicare won’t pay, covering the “gaps” in Medicare coverage, Medicare supplement insurance is commonly otherwise known as Medigap.

Certain Medigap plans also offer coverage for services that Original Medicare does not cover, like health care when you take a trip outside the U.S. When you have Original Medicare and you purchase a Medicare supplement policy, Medicare pays its share of the Medicare-approved amount for covered health care costs then the Medigap policy pays its share. Both use the same exact billing system that means they are remarkably user friendly.

Meicare supplement/Medigap plans are very different from a Medicare Advantage plans. Advantage plans are simply a different way to get Medicare benefits through a network such as an HMO, PPO, or private Fee-for-Service Plan, while a Medigap policy supplements the unpaid costs of Medicare. Medicare supplemental insurance is additionally guaranteed renewable each year but Advantage plan aren’t.

To request Medicare supplemental insurance quotes from an independent Medigap agent please visit  For some more facts about Medicare supplement policies please continue reading
* While you first turn 65 or first start Medicare Part B insurance companies with few exceptions must sell you any type of Medicare supplemental insurance plans they offer regardless of your health or pre-existing medical conditions.

* Each standardized Medigap policy is guaranteed renewable even if you have health conditions. Which means that the insurance company can not terminate your Medigap policy provided that you pay the insurance premium.

* You have to have Medicare Part A and Part B.

* If you have a Medicare Advantage plan, you are able to apply for a Medigap policy, but make sure you can leave the Medicare Advantage Plan before your Medigap policy begins.

* It’s best to use an independent agent to get Medigap quotes from a variety of insurance firms.

* Several Medigap policies available in the past covered prescription drugs, however Medigap policies marketed after January 1, 2006 are not allowed to provide prescription drug coverage. If you would like prescription drug coverage, you can easily join a Medicare Part D Prescription Drug Plan.

* You may buy a Medigap policy from any insurance company that’s licensed in your state to sell one.

* A Medigap plan only covers one person. Should you and your loved one both need Medigap coverage, you’ll each have to attain separate plans.

* It’s illegal to sell you a Medigap policy if you have a Medicare Medical Savings Account Plan.

Examples of insurance plans that aren’t Medigap include:
Medicare Part C Advantage Plans (like an HMO, PPO, or Private Fee-for-Service Plan)
Part D Medicare Prescription Drug Plans
Union or employer plans, including the Federal Employees Health Benefits Program
Veterans’ benefits
Long-term care policies
Urban Indian Health, Indian Health Service, and Tribal plans

The more popular Medicare supplemental insurance plans are Medigap Plan F and G. Medigap Plan N is most likely the third most popular. Medicare supplement Plans F and G are almost the exact same plan. The only real difference is that Plan G does not cover the Medicare Part B yearly deductible. However often the savings in the monthly premium for Plan G is more than the deductible so in essence you save a few bucks while getting the equivalent amount of coverage. Plan N lowers the monthly premium but there will be co-payments for doctor and emergency room visits as well as no coverage for the Part B deductible or protection against any Excess charges.