As you near retirement and turn 65, the reality of Medicare supplements looms large. Medicare Parts A and B, covering hospital and medical insurance, are invaluable when employer-sponsored coverage ends. However, life after enrollment isn’t always smooth sailing. While many expenses, like hospital visits and doctor exams, are covered, others aren’t. This leaves gaps that can result in significant out-of-pocket costs.
Medicare supplement policies, also called Medigap policies, are designed to eliminate the missing links in your health insurance, providing coverage for many of the vital services standard Medicare does not cover, including:
- Part A coinsurance costs up to an additional 365 days after benefits are exhausted
- Part A hospice care coinsurance
- Part B coinsurance or copayment
- The first three pints of blood each year
- Skilled nursing home care coinsurance
- Part A and B deductibles
- Foreign travel insurance
- Vision coverage, dental care, and hearing aids
Medicare Supplement Policies
Medigap policies come in 10 standardized plan forms in the United States, lettered from A through N. Each plan covers a different combination of options, allowing you to pick and choose based on your unique health concerns and future plans.
| Medicare Supplement Plans | ||||||||||
| Plan Benefits | A | B | C | D | F | G | K | L | M | N |
| Part A coinsurance and hospital costs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Part B coinsurance or copayment | Yes | Yes | Yes | Yes | Yes | Yes | 50% | 75% | Yes | Yes |
| Blood (first 3 pints) | Yes | Yes | Yes | Yes | Yes | Yes | 50% | 75% | Yes | Yes |
| Part A hospice care coinsurance or copayment | Yes | Yes | Yes | Yes | Yes | Yes | 50% | 75% | Yes | Yes |
| Nursing facility care coinsurance | No | No | Yes | Yes | Yes | Yes | 50% | 75% | Yes | Yes |
| Part A deductible | No | Yes | Yes | Yes | Yes | Yes | 50% | 75% | 50% | Yes |
| Part B deductible | No | No | Yes | No | Yes | No | No | No | No | No |
| Part B excess charge | No | No | No | No | Yes | Yes | No | No | No | No |
| Foreign travel exchange | No | No | 80% | 80% | 80% | 80% | No | No | 80% | 80% |
| Out-of-pocket limit | – | – | – | – | – | – | $4960 | $2480 | – | – |
Finding the Right Fit
The right Medigap policy can significantly impact your healthy future. The Jordan Insurance Agency is here to support you throughout the process. We help you find an affordable way to reduce the costs of Medicare supplements coverage. Our agents offer customized advice based on your unique needs. They will guide you in determining the perfect fit for you by providing comprehensive, customized advice based on your unique needs.
Get a free quote online or contact us at 704-926-7565 to explore how our team can help!
