A Medigap policy is a health insurance policy sold by private insurance companies to fill "gaps" in Original Medicare Plan coverage. Medigap policies must follow federal and state laws. These laws protect you. The front of the Medigap policy must clearly identify it as "Medicare Supplement Insurance."
Each policy has a different set of benefits. Two of the standardized policies may have a high deductible option. In addition, any standardized policy may be sold as a "Medicare SELECT" policy. Medicare SELECT policies usually cost less because you must use specific hospitals and, in some cases, specific doctors to get full insurance benefits from the policy. In an emergency, you may use any doctor or hospital.
Click image to view guide to Medigap Policies
Outline of Medicare Supplement Coverage
(Benefit Plans A-N)
This chart shows the benefits included in each plan. Every company must make available Plan "A". Some plans may not be available in your state as indicated below.
|Medicare Part A Coinsurance hospital costs up to an additional 365 days after Medicare benefits are used up||•||•||•||•||•||•||•||•||•||•|
|Medicare Part B Coinsurance or Copayment||•||•||•||•||•||•||50%||75%||•||•**|
|Blood (First 3 pints)||•||•||•||•||•||•||50%||75%||•||•|
|Part A Hospice Care Coinsurance or Copayment||•||•||•||•||•||•||50%||75%||•||•|
|Skilled Nursing Facility Care Coinsurance||•||•||•||•||50%||75%||•||•|
|Medicare Part A Deductible||•||•||•||•||•||50%||75%||50%||•|
|Medicare Part B Deductible||•||•|
|Medicare Part B Excess Charges||•||•|
|Foreign Travel Emergency (Up to Plan Limits)||•||•||•||•||•||•|
|Medicare Preventive Care Part B Coinsurance||•||•||•||•||•||•||•||•||•||•|
Plans A-N are standardized by the federal government. Not all plans may be available in your area. Consider the benefits offered by each plan and look for one that best meets your individual needs.
*Medigap Plan F also offers a high-deductible plan. This means you must pay for Medicare-covered costs up to the deductible amount ($2,070 in 2012) before your Medigap plan pays anything.
**Plan N pays 100% of the Part B coinsurance except up to $20 copayment for office visits and up to $50 for emergency department visits.