Medicare Supplement Plans, also known as Medigap, are designed to cover the out-of-pocket costs that Original Medicare doesn't cover, such as copayments, coinsurance, and deductibles. These plans are sold by private insurance companies and offer standardized benefits, ensuring you receive consistent coverage no matter which insurer you choose.
Medicare Supplement Plans work alongside your Original Medicare (Part A and Part B) coverage. After Medicare pays its share of approved healthcare costs, your Medigap policy pays its share. These plans do not cover everything, such as dental and vision. However, they significantly reduce the financial burden of medical expenses.
Comprehensive Coverage
Helps cover the costs not paid by Original Medicare, reducing your out-of-pocket expenses.
Flexibility
Allows you to visit any doctor or specialist that accepts Medicare, without needing referrals.
Predictable Costs
With Medigap, you'll have more predictable healthcare expenses, making it easier to budget for medical costs.
41%
of original Medicare beneficiaries also choose to augment their Medicare coverage with a Medicare Supplement Plan, also known as Medigap Plans. The key features of Medigap plans are that they are standardized, they are exactly the same in all 50 states. Also there are no network restrictions, you can freely go to any Medicare doctor or facility in the country. Finally, your provider does NOT need to seek
Prior Authorization from an insurance company to perform any test or procedure that is covered by Medicare
Comprehensive coverage, including Part A and Part B deductibles and foreign travel emergencies.
Comprehensive coverage, including Part B excess charges and foreign travel emergencies.
Lower premiums with cost-sharing options for some services.
Choosing the right Medigap plan can provide peace of mind and financial security. At FKB Senior Services, we help you compare your options and find the plan that best fits your needs. Contact us today for a no-cost, no-obligation consultation.
Have questions? Call us.
We do not offer every plan available in your area. Currently we represent six organizations which offer fifty products in your area. Please contact Medicare.gov, 1-800-MEDICARE, or your local State Health Insurance Assistance Program (SHIP) to get information on all of your options. This is a proprietary website and is not associated, endorsed or authorized by the Social Security Administration, the Department of Health and Human Services or the Center for Medicare and Medicaid Services. This site contains decision-support content and information about Medicare, services related to Medicare and services for people with Medicare. If you would like to find more information about the Medicare program please visit the Official U.S. Government Site for People with Medicare located at http://www.medicare.gov
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