Frequently Asked Questions
What is Medicare Supplement Insurance?
Medicare Supplement Insurance (Medigap) is sold by private insurance companies and helps cover the costs that Medicare doesn't cover.
Can I purchase a Medicare Supplement Insurance plan?
You are probably eligible to purchase a Medicare Supplement Insurance plan if you are enrolled in Medicare Parts A or B.
If you are in your Open Enrollment period, insurance companies that offer Medicare Supplement Insurance plans must allow you to purchase.
Open enrollment is over. What now?
You may still apply for Medicare Supplement Insurance at the company of your choice. However, they will review your medical history and current health using their application process.
How do I pay for Medicare Supplement Insurance?
You pay the insurance company that provides you coverage. You can typically pay for your insurance monthly, quarterly, semi-annually, or annually. This cost is in addition to your Medicare Part B expense.
Will my premium ever change?
It is likely your premium will change with the rising cost of healthcare claims. Each year, you may be subject to both an age increase due to your birthday and an increase due to the medical claims the insurance company has to pay out for policies like yours.
Does Medicare Supplement Insurance limit my choice of doctor?
No, you may select any doctor that accepts Medicare.
Does Medicare Supplement Insurance cover prescriptions?
No, Medicare Supplement Insurance does not cover prescription expenses. You will need to enroll in a separate Medicare Part D drug plan for coverage.
When does coverage start?
Coverage begins when the insurance company you have applied to accepts your application. This is typically the first day of the month following your application but may occur mid-month as well.
How can I apply for Medicare Supplement Insurance?
We will help to find the best insurance plan for you and assist with the entire process. Click Here