Medicare Part A
Medicare Part B
Medicare Part C
Medicare Part D
Medicare Supplement Plans
“Medigap” Plans A-N
Medicare Supplement, also known as Medigap, insurance plans fill the in “gaps” in basic coverage that Original Medicare won’t take care of such as deductibles, coinsurance, and copayments.
Medicare Supplement plans are standardized across the board. There are around 10 standardized Medicare Supplement insurance plans labeled A-N. The private insurance companies that offer these plans do not necessarily offer all of the plans, but they have to offer Plan A at the least.
It is important to take note of the fact that although the names of the Medicare Supplement plans are the same as the different parts of Medicare, take Part A for example. But they are not the same as Medigap Plan A.
As mentioned above, the basic benefits offered for each Medicare Supplement plan are the same from one carrier to another, the only difference is the price you pay in premiums. We have the ability shop around for the best plan to fit your needs through today’s top carriers.
How are plan premiums priced from one insurance company to another, there are a few different ways pricing is determined, community or no-age-rated premiums are the same price no matter how old you are. Issue-age-rated premiums are based on your age when you first enroll in the policy. The younger you are, the lower your premium will be. Attained-age-rated premiums are similar to issue-age-rated in that the premium is based on the age you are when you enroll in the policy. However, the premiums increase as you get older.