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Medicare is a federally-run health insurance program in the United States designed for individuals who are 65 and older, as well as for younger people with certain disabilities or health conditions. It was established in 1965 under President Lyndon B. Johnson to provide coverage for essential health services. Here's a breakdown of how Medicare works and what it covers:
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What is Medigap / Medicare Supplement?
​A Medicare Supplement, or Medigap plan, is a type of private health insurance designed to cover costs that Original Medicare (Part A and Part B) doesn't fully pay. These gaps include things like coinsurance, copayments, and deductibles. Here’s a clearer breakdown:
Key Points
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Medicare First: Medicare pays for covered costs first; Medigap covers remaining costs.
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Cost Sharing: Medigap helps pay for Medicare deductibles, copayments, and coinsurance.
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Private Insurance: Medigap plans are offered by private insurers, not the federal government.
What is the Purpose?
​Medigap plans "bolt on" to Original Medicare, covering out-of-pocket costs that Medicare doesn’t cover.
The Standardization
Since 1990, Medigap plans have been standardized. Each lettered plan (A, B, C, D, F, G, K, L, M, N) provides the same benefits across all insurers, though premiums can vary.
What are the Most Popular Plans?
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Plan G: Covers every gap except the Part B deductible. Often more cost-effective.
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Plan N: Features lower premiums but requires copayments and covers excess charges.
What is Not Covered?*
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Routine dental, vision, and hearing care
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Long-term or custodial care
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Retail Prescription Drugs
*We do offer separate plans to cover these as well.
How to Choose the Right Plan
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Rates: Compare premiums among different carriers.
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Rate Trend History: Review how premiums have increased over time.
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Financial Rating: Asses the insurer's stability. (e.g., A.M. Best, Weiss Ratings)
Learn More by Clicking the Button Below
The PlanEnroll button will take you to a personalized website made specifically for your Medicare needs. You will be able to enter your information and find the best plan for you. You can also look through the many learning resources on Medicare.