Medicare Supplement
Medicare Supplement
Medicare supplement insurance (Medigap) plans can help pay some of the out-of-pocket costs not paid by Parts A & B. Plans are offered by private insurance companies but are standardized by the federal government.
All include full or partial coverage for:
- Part A hospital coinsurance
- Part B coinsurance or copays
- Cost of blood transfusions (first 3 pints)
- Costs for 365 extra hospital days
- Hospice care coinsurance
Some may also help pay for:
- Part A deductible
- Part B deductible*
- Foreign travel emergency care up to plan limits
- Part A skilled nursing facility care coinsurance
*Not available for those newly eligible for Medicare Part A in 2020 or beyond.
Premium Cost
Medigap plans set their own premiums, though as a general rule, the more generous the coverage, the higher the premium. Premiums also will vary by provider, even if the plan letter is the same, and premium amounts can change year to year. The level of coverage and what you will pay varies by plan. Some plans split certain costs with you up to a set limit. Others leave certain costs for you to pay on your own.
Value Added Services
Medigap insurers may make value-added services available either free or on a discounted basis. These services may come from the insurer or other companies. Some things that are offered may include:
Discounts on vision, hearing, or dental services
24-hour nurse phone lines
Free or discounted gym memberships
Is Medicare Advantage or Medigap right for me?
The main things to think about when deciding which is right for you are:
Are you comfortable choosing a health care provider from within a provider network or do you want to be able to choose any provider that accepts Medicare patients?
Would you rather have prescription drug coverage included in one plan or buy a separate Part D prescription drug plan?
Would you rather pay a low or $0 monthly premium and copays for in-network services as you use them or potentially pay more in monthly premiums and have lower out-of-pocket costs for services you receive.
Our Location
8310 Northwest 39th Expressway
Bethany, OK 73008