Medicare Supplements

Medicare Supplements are insurance policies that help cover out of pocket medical costs with Medicare A & B. These costs are deductibles, co-insurance, and copay’s not covered by Medicare. If you have TRICARE or CHAMPVA, you don’t need a Medicare Supplement, but you could benefit from Medicare Advantage.

If you only have VA benefits or no military benefits at all, you could benefit from having a Medicare Supplement. This is primarily if you plan on receiving a good part of your healthcare under Medicare and outside of the VA.

Medicare Supplement Benefits

Financial security and peace of mind by having low or no out of pocket medical bills.

Access to quality healthcare from Medicare doctors by reducing your financial burden.

The freedom to see any doctor or medical provider that accepts Medicare. There are no networks.

Need To Know

If you only have VA benefits or no military benefits at all, you could benefit from a Medicare Supplement. This is if you’re planning on receiving a fair amount of healthcare outside of VA facilities. Request information with us and we’ll give you recommendations based on your personal needs. We’ll also help you compare Medicare Supplements with Medicare Advantage and just having Traditional Medicare.

5 Things To Know About Medicare Supplements

To provide a better understanding of Medicare Supplements, here are some important things you should know.

  1. Medicare Supplement Plans are provided by various private insurance companies. Each plan is represented by a letter, which means certain standard benefits. The coverage for each letter plan is the same at each insurance company that offers it. Rates, however, can vary at different insurance providers.
  2. When you have a Medicare Supplement policy it is secondary to Medicare A & B. Medicare determines what is covered and pays first, your Medicare Supplement plan pays second and covers whatever Medicare covers.
  3. With standard Medicare Supplements, you are covered any doctor or medical provider that accepts Medicare A & B. There are no doctor networks.
  4. Once you have a Medicare Supplement policy, it is guaranteed to renew each year as long as you pay your premium. Your policy can never be canceled based on your age or health.
  5. The premium you pay for your plan is never based on your individual health or claims history.

Medicare Supplement Plans

Medicare Supplement plans help you cover costs with Medicare A & B. They are standardized and regulated by Medicare and must cover Medicare approved services and care. Each plan is represented by a letter, which means the amount of coverage you get. The coverage for any particular letter plan is exactly the same at each insurance provider that offers it.

The chart below shows you the coverage for the two most popular Medicare Supplements; Plan G and Plan N.

Top Medicare Supplement Plans Coverage Comparison Chart 2022
Part A & B CostsPlan GPlan N
Covers All Part A Hospitalization And Nursing Facility Deductibles & Co-insuranceYesYes
Provides 365 Additional Lifetime Hospital Days Paid At 100% (Over And Above Medicare)YesYes
Covers Part B 20% Co-insurance?YesYes
Covers Part B DeductibleNoNo
Covers Part B Excess Charges (Amounts Billed By Doctors Over Medicare’s Fee For Service)YesNo
Are There Co-Pays After Deductible?None$20 Doctor / $50 Emergency Room
Your Annual Out Of Pocket Liability For Part A & B Medical ExpensesPart B Deductible Only
Which Is $226 Per Year In 2023
Zero Liability After Deductible
Part B Deductible, $226 In 2023
$20 Doctor Copay / $50 ER
Excess Charges If They Occur

*Medicare Supplement Plan F, which covers all Medicare costs, is still available for those who started Medicare prior to January 1st 2020. Inquire with us for details.

Medicare Supplement Plan Descriptions

Medicare Supplement Plan G

Medicare Supplement Plan G is currently the most supplemental coverage available, giving you simplicity and very low out of pocket liability for medical expenses. Plan G Covers all costs with Medicare except the annual Part B deductible. The annual Part B Deductible is $226 a year in 2023. So, if you have a Plan G policy, the annual Part B deductible is the only medical cost you are liable for. You have no copay’s or co-insurance after the deductible. Plan G is the best option for those who want the most coverage with Medicare and don’t mind paying a little bit higher monthly premium.

Medicare Supplement Plan N

Medicare Supplement Plan N is very similar to Plan G and is known as the value Medicare Supplement. It provides good coverage at a lower monthly premium than Plan G. With Plan N, just like Plan G, you are responsible for the annual Part B deductible ($226 a year in 2023). After you meet your annual deductible, Plan N has copays for doctors and the emergency room, whereas Plan G does not. There is one more difference in coverage. Plan N does not cover Part B “Excess Charges” if they occur. These are costs when a doctor bills over the fee Medicare pays them for their services. Part B Excess Charges are typically rare and when they do, they are minimal. Plan N is a good option for those who want good coverage but also keep their monthly premium as low as possible.

Compare Your Options

We offer a selection of plans & top insurance providers. Request information with us and we’ll give you a comparison quote and recommendations.

Medicare Supplement Frequently Asked Questions

When can I sign up for a Medicare Supplement?

Your Medicare Supplement open enrollment period starts 6 months before the month you turn 65 and ends 5 months after that month. During this time period you can enroll in any Medicare Supplement policy without health questions. Your coverage will begin the month you start Medicare A & B or turn 65. If you are outside of your open Medicare Supplement open enrollment period, you can apply anytime, you may just need to answer health questions.

Will Medicare Supplements cover me at my doctors & medical providers?

Standard Medicare Supplement plans cover you at any doctor that accepts Medicare A & B. If your doctor accepts Traditional Medicare A & B, they should also accept a Standard Medicare Supplement with any insurance provider.

Do Medicare Supplements cover pre-existing conditions?

Coverage for pre-existing conditions varies with different insurance companies. Many Medicare Supplement insurers cover pre-existing conditions from the start of your coverage. Some Medicare Supplement insurers have a waiting period for pre-existing conditions that can be offset if you have maintained coverage.

Will my Medicare Supplement cost me more if I have pre-existing conditions?

No. Premium costs for Medicare Supplements are not based on your health or claims history.

Can Medicare Supplement insurance providers deny coverage for a service or procedure?

No. Medicare Supplements cover their part of the costs for all services provided under Medicare A & B. They do not determine if a service or procedure is covered, Medicare does.

Can I be dropped from a Medicare Supplement policy?

As long as you pay your premium and keep it up to date, no. Once you are covered by a Medicare Supplement policy it is guaranteed renewable each year and you can never be dropped because of your age, health, or claims history.

Do Medicare Supplements cover prescription drugs?

Medicare Supplements cover their part of costs for services provided under Medicare A & B. Medicare A & B only covers certain medications administered to you at a doctors office or in the hospital.

Can my Medicare Supplement rate be increased?

The most common way Medicare Supplements are priced is called “attained age” pricing. This means that once you have a Medicare Supplement, your rates can increase each year based on your age when your policy automatically renews. Your Medicare Supplement rate can also increase based on changes to Medicare and rate increases for all insureds in a particular state. You cannot be singled out for rate increases because of your personal health and claims history.

If I choose a Medicare Supplement plan, can I change it later? 

You can change your Medicare Supplement plan. Keep in mind, if you do, you more than likely will need to qualify and answer health questions.

Does it matter which insurance company provides my Medicare Supplement?

Each Medicare Supplement insurance provider is regulated by Medicare and required to provide the benefits and coverage based on your letter policy. Rates, service, and long term stability varies. It is these reasons why you should compare insurance providers and choose a quality option for your coverage.

What happens to my Medicare Supplement if I move?

In most cases, If you move, you can take your Medicare Supplement with you. The coverage and benefits are locked in. The monthly rate you pay, however, may adjust to rates in your new service area.

Will My Medicare Supplement cover me if I’m traveling?

Yes. Medicare Supplements work with Medicare A & B to cover you at any Medicare Approved doctor in the country. This includes when you’re traveling and have an emergency or if you schedule an appointment.

What is the difference between Medicare Supplements and Medicare Advantage?

Medicare Supplements are secondary insurance policies to Medicare A & B. In this case you keep Traditional Medicare as your primary insurance. Medicare Advantage plans, also known as Part C, are when your Medicare is replaced by a private insurance provider. In this case you have one plan package that includes all of your benefits. Inquire with your agent for more details.

If I choose a Medicare Supplement, can I change to an Advantage Plan later and vice versa?

If you start with a Medicare Supplement you can change to an Advantage Plan during your next valid open enrollment period. These occurr annually or in special situations. If you start with an Andvantage Plan and want to change to a Medicare Supplement later; you may have to answer health questions and qualify.