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Medicare Insurance Brokers
303-809-2968
Marty Slaught
Medicare
Supplement
Plans
Medicare Supplement Plans Explained
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Provided by insurance companies, which pays all or part of your out-of-pocket cost (except premiums) after Original Medicare pays. Does not replace Original Medicare coverage. Also called Medigap.
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Several standardized plans, with different coverage levels and premiums. See the chart below.
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Premium will increase 4-11% each year. Household discount from many insurance companies.
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Must also be enrolled in Original Medicare and pay the premium to be eligible for a Supplement Plan.
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Use any doctor and medical center that accepts Medicare. No networks or referrals required.
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Emergencies covered worldwide.
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Prescription drugs not covered, so enroll in a separate Medicare Drug Plan with an insurance company.
Supplement Plan Coverages
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Pays all or part of the Medicare deductible, copays and coinsurance, depending on the plan you select.
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Standardized coverage plans, with differences in the premium and extra benefits from each company.
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Some plans include a free fitness club membership, dental discounts and vision discounts.
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We will get quotes for you from several companies and help you decide which plan is right for you.
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Not all plans below available in your area. Plans G and N are the most popular.
Supplement Plan pays the percentage under the lettered plans below
Plans F & G also offered as a high-deductible plan by some insurance companies, in which you pay for Medicare-covered costs (coinsurance, copayments, deductibles) up to the deductible amount $2,800 in 2024 before the Supplement plan pays. (1) Plan F, high deductible Plan F and Plan C are only available to people who were first eligible for Medicare before 2020.
Plan N pays 100% of the Medicare Part B coinsurance, except for a copayment of up to $20 for some office visits and up to $50 for emergency room visits that don’t result in an inpatient admission.
Many people enroll in Plan F(1) or G because they provide the most coverage.
Others prefer a plan which covers some of their out-of-pocket cost so they have a lower premium.
Reminders:
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Prescription drugs are not covered, so you need a separate Medicare Drug Plan or pay full price.
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Dental, vision & hearing are not covered in some plans, so you need separate plans or pay full price.
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Medical questions will not be asked if you enroll during your one-time open enrollment period.
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Call to learn more and to enroll in the Supplement Plan that's right for you.
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