Things you should know about Medicare Supplement Plans – Medigap coverage
- You need to be enrolled in Medicare Part A and Part B (and yes, you must continue to pay the Part B premium).
- These plans provide coverage anywhere in the U.S. with providers who accept Medicare and are taking new clients.
- These plans don’t include prescription drug coverage. You will most likely want a Part D plan to go with your Medicare supplement. (We also do Part D plans!)
- The premiums on these plans can differ from carrier-to-carrier; most differ by age and can go up annually.
- A Medicare Supplement plan only covers one person. Spouses must buy a separate policy.
- The best time to purchase is within your 6 month open enrollment period.
- Plans are guaranteed renewable from year to year as long as beneficiaries pay their premiums when due.
- If you select a Medicare Supplement and decide to drop it at a later date for a Medicare Advantage plan (Part C), you may not be able to get it back in the future.
- After the open enrollment period, you must answer a series of medical questions and may be declined in certain circumstances.