As an independent agency, we provide a comprehensive Medicare supplement comparison of the companies that offer plans in your zip code. Many companies do not allow Medicare Supplement quotes to be published online – the comparison is delivered by email within a few minutes.
Your request will go, securely, to one person at one company (M-S-C.com). As a brokerage, we work with all of the companies so that you can compare rates. There are plenty of other web sites out there whose only mission is to obtain your information for Medicare Supplement quotes and sell it to many agents who will call, email, write (maybe even show up at your house!) with the same exact plans and rates. However, at Medicare-Supplement-Comparison.com, we respect your privacy and your ability to make your own comparisons and decision. We’ll provide all the information and quotes (by email) and let you compare all of the options in your zip code. See terms and conditions.
Medicare Supplement Insurance: The Three Most Important Things to Know
Medicare Supplement insurance is insurance that is designed to work with Medicare. It fills in the “gaps” in “original” Medicare, which is comprised of Medicare Part A and Medicare Part B. There are 10 different Medigap plan designs, each of which fills in the gaps in Medicare to a different extent. The top level plan is Medigap Plan F – this plan pays everything that Medicare itself doesn’t cover at the doctor and hospital. Other plans, including Plan G and Plan N, are lower-tier plans, which are very common and still provide great coverage of the Medicare gaps.
The most important thing to know about Medigap plans is that they are standardized. This means that three very significant things are the same with each company and plan:
- First and foremost, the coverage is the same with “like” plans. For example, one Plan F is the exact same as another Plan F from a different company. This makes comparing different companies easy to do.
- Secondly, claim payments are all paid through the Medicare “crossover” system. This system is designed to eliminate patient involvement in the claims process, and except in very rare circumstances, you will not have to do anything in the claims process, regardless of which company insures you. All claims are paid timely and efficiently through this Medicare system.
- Lastly, doctor acceptance is the same with all Medicare supplement plans. Regardless of the company or plan, you can go to any doctor or hospital nationwide that takes Medicare. If they take Medicare, they are required to take the standardized Medigap plans.
Because these three things are standardized with all plans, you should closely compare Medicare Supplement quotes based on price and company reputation. Since these are the two factors that vary from plan to plan, these are the most important factors to consider in your comparison.
Compare Medigap Quotes
You can compare Medigap quotes in one centralized place so you can make an informed decision based on ALL of the information. Compare quotes for:
- Alabama Medicare Supplements
- Alaska Medicare Supplement
- Arizona Medicare Supplements
- Arkansas Medicare Supplement
- California Medicare Supplement
- Colorado Medicare Supplements
- Connecticut Medicare Supplement
- Delaware Medicare Supplement
- Florida Medicare Supplements
- Georgia Medicare Supplement
- Hawaii Medicare Supplements
- Idaho Medicare Supplements
- Illinois Medicare Supplement
- Indiana Medicare Supplement
- Iowa Medicare Supplement
- Kansas Medicare Supplements
- Kentucky Medicare Supplement
- Louisiana Medicare Supplement
- Maine Medicare Supplements
- Maryland Medicare Supplement
- Massachusetts Medicare Supplement
- Michigan Medicare Supplement
- Minnesota Medicare Supplement
- Mississippi Medicare Supplement
- Missouri Medicare Supplement
- Montanta Medicare Supplement
- Nebraska Medicare Supplement
- Nevada Medicare Supplements
- New Hampshire Medicare Supplement
- New Jersey Medicare Supplement
- New Mexico Medicare Supplement
- New York Medicare Supplements
- North Carolina Medicare Supplement
- North Dakota Medicare Supplement
- Ohio Medicare Supplements
- Oklahoma Medicare Supplement
- Oregon Medicare Supplement
- Pennsylvania Medicare Supplement
- Rhode Island Medicare Supplement
- South Carolina Medicare Supplement
- South Dakota Medicare Supplement
- Tennessee Medicare Supplement
- Texas Medicare Supplements
- Utah Medicare Supplements
- Vermont Medicare Supplement
- Virginia Medicare Supplement
- Washington Medicare Supplement
- West Virginia Medicare Supplement
- Wisconsin Medicare Supplement
- Wyoming Medicare Supplements
Medigap is another name for Medicare Supplements. The two terms are one and the same.
Both terms refer to the plan that someone on “original Medicare” purchases from a private company to fill in the “gaps” in Medicare and pay the coinsurance, co-pays and deductibles that Medicare doesn’t cover.
One thing that 85% of those over 65 have in common is that they agree that Medicare coverage, by itself, is not sufficient medical insurance for someone in that age bracket. The largest concern for most is the 20% coinsurance at the doctor and hospital that Medicare doesn’t cover. That coinsurance amount has no maximum limit. In other words, it is 20% of your total medical costs, even if that total cost is hundreds of thousands of dollars. The most significant purpose of a Medigap plan is to limit that exposure and prevent catastrophic medical costs.
Medicare Supplement Chart
The “Medicare Supplement chart” is the chart that shows the 10 Federally-standardized Medicare Supplement plans.
If you have done much comparing Medigap plans or getting quotes from various companies, you most likely, have seen this chart. The Medicare Supplement chart shows exactly what each Medigap plan covers in an easy-to-understand format.
Once you understand the chart, you can compare Medigap quotes and make an informed decision about the best plan for you.
You may see different formats/layouts for the chart, but the information is the same. You can see the Medicare Supplement chart below: (Get rates and customized quotes for Medigap plans shown on chart)
Medicare Part A & Medicare Part B – What Do They Cover?
Medicare can be difficult to understand. There are many intricacies in the various parts of Medicare.
Medicare Part A & B are considered “original Medicare”. These parts are part of the Federal program that covers individuals who are defined as disabled (Medicare disability) or over age 65. To qualify, you must have worked in the United States for 40 quarters (10 years). You receive Medicare Part A based on your participation in social security deductions from paychecks, etc. Part B is an optional part of Medicare that most people also elect to take if Medicare or Medicare + Medicare Supplement is their only health coverage. Part B, as you will see below, is the “doctor’s services” part of Medicare.
Prior to getting quotes or doing a Medicare Supplement comparison, you should know what Medicare Parts A & B cover. The following is a breakdown of what each of the parts of “original” Medicare (Medicare Part A and Medicare Part B) covers:
Medicare Part A
- Inpatient hospital care. Medicare Part A covers up to 90 days per benefit period and 60 lifetime reserve days.
- Skilled nursing facility care. Medicare Part A covers up to 100 days each benefit period. You must have been in the hospital at least three consecutive days within 30 days prior to admission.
- Hospice care. To qualify, a doctor must certify that you are terminally ill.
- Home health care. Part A covers this for up to 100 days. You must have been in the hospital for three days in the 14 days prior to receiving care and being homebound.
Medicare Part B
- Doctor’s services.
- Some preventive care services.
- Durable Medical Equipment.
- Ambulance services. For emergency transportation.
- Outpatient physical, speech and occupational therapy services.
- The first three pints of blood you need every year.
- X-rays and lab tests.
- Home health services.
Medicare Supplement Rates
Medicare Supplement rates vary greatly from company to company, despite the fact that the coverage is standardized. Companies set their own rates for supplement plans. When you compare quotes, you will notice that they differ tremendously.
Medicare Supplement rates are determined by several factors, including:
- Tobacco Usage
- Zip Code
Last but not least, companies set their rates, just like anything else on the free market, however they want (the rates DO have to be approved by state department of insurance in most cases). With some companies, it is possible that you are paying more, not for extra insurance (coverage is standardized, remember) but for the name recognition of the company itself. That’s why it is essential to do a full comparison of quotes for all plans in your zip code to make sure that are not padding an insurance company’s pockets for equal coverage at your own expense.
The Easy Way to Compare Medigap Quotes
To compare Medigap quotes, the majority of people use a qualified brokerage. A brokerage can do all the work for you – here are a few of the many advantages to using a qualified brokerage:
- Brokers have access to quotes from all companies in your specific area.
- A brokerage generally has clients already with most of the companies that you are comparing so they can give you, in addition to the quotes themselves, first-hand experience based on feedback from those current clients.
- Brokers save you a tremendous amount of time. Without a way to compare plans in a centralized place, your only alternative to “shop” plans is to make individual phone call to the companies in your area.
- Once you are enrolled in the plan, speaking on behalf of Medicare-Supplement-Comparison atleast, a broker can be a ready resource for you on all things Medicare and Medicare insurance related. We provide a bi-monthly newsletter with Medicare and Medicare insurance news updates, as well as an annual plan review.
- If you ever have a problem with your plan (not likely since all plan coverage, claim payments, etc is standardized), you can call your broker directly to assist with it, rather than calling an 800 number at the company, where you will, more than likely, sit on hold for a period of time.
- Best of all, this does not cost you any more than you would regularly pay for your insurance. Insurance is one of the few industries that does not allow a salesperson (or broker, in this case) to charge any additional fees or charges to the consumer. So, a brokers service and quote comparison is free to you. In reality, you are paying for it whether you use it or not, since insurance companies have to build in broker compensation, as an administrative cost, in the cost of their insurance.
So, when can you enroll in a Medigap plan? Are there certain enrollment periods?
Contrary to popular belief, Medigap plans do not have an enrollment period. In fact, you can enroll in Medigap plans at any time of the year. Many people mistakenly think that, because Part C (Medicare Advantage) and Part D (Medicare prescription drug coverage) have an enrollment period, Medigap plans do also. However, Medigap plans are available year-round.
The companies may require that you pass medical underwriting to be able to switch to their plan. This makes it even more important to compare all options in the beginning and choose a good plan. If your health changes for the worse later, you want to ensure that your Medicare Supplement coverage is going to be there when you need it. And, you want to ensure that the rate you are paying is a competitive one, so you don’t have to worry about consistently hunting out Medicare Supplement quotes and switching plans.