Know all about the Medicare supplement plans before enrolling

Are you planning on purchasing Medicare supplement plans? if your answer is an affirmative, you will be finding several recipients and agents of these supplement plans feel that plan F is the most composite plan of all. In fact, they even call it the Cadillac of all the other plans. however, before you start to actually examine these plans, you need to know and have a basic knowledge about the term Medicare supplement plans and what it includes and talks about.

Eligibility for the supplement plans

Everyone must have heard about Medicare. If not, well, it is a health program and it is run by the government. This particular program is responsible for the purpose of providing coverage of the health insurance to all those people who are either 65 or above or for all those people whose age is below 64 but are disabled. However, even though the Medicare is supposed to take care of all the coverage charges, they do not take care of everything.

aarp medicare advantage

Medicare supplement plans fills gaps left by Medicare

The plan is designed in such a manner that it is filled with gaps and this is how and where it is the recipient who will have to pay the amount. This is where the Medicare supplement plans comes into play and act as the gap filler. This is also why they are known as the Medigap insurance. With the help of these supplement plans, all those gaps in the Medicare plans, that is parts which are not filled by the Medicare itself, are taken care by the supplement plans.

Factors for determining the Medicare supplement plans

However, before you go about and decide on which Medicare supplement plans like AARP medicare advantage to choose from, you need to decide on by looking at certain factors.

The first and foremost factor which is looked into is the financial situation. In fact, you will not be allowed to enroll into the land if you do not meet their financial expectation. They will be checking whether you are able to pay the premium. For the plan F, the premium starts with a base price of 95 dollars and starts increasing from there.

Also, your locality as well your age, your sex and your past experiences, all of them are responsible or determining the premium to be paid for the Medicare supplement plans.

Another factor is your medical history. It is easier to get approved if you have a good and less complicated history.

What are the benefits of Medicare Supplement Plans?

What are Medicare Supplement Plans?

Medicare Supplement Plans are known to be such kinds of insurance plans that work along with the original Medicare plan. This insurance scheme basically works as an associate insurance. Things and expenses that are not covered by the original Medicare insurance are basically covered by this supplement insurance. This is where its significances lie. If you really want to save your own money, then you have to have this supplement plan no matter what.

Benefits of Medicare Supplement Plans

There are various benefits of using Medicare supplement plans. Some of the benefits are described below.

  • It is used to cover around 20% of your total medical expenses which are not generally covered by the original Medicare plan.
  • The additional co-payments and co-insurance of Medicare part A are paid by Medicare supplement plans.
  • The co-payments and coinsurance of Medicare part B are also paid by this supplement scheme.
  • Medicare supplement plan G 2019

Apart from the above described benefits, there are plenty of other benefits provided by the Medicare supplement plans. There are different kinds of supplement plans available and each of these types has its own separate benefits and advantages. For instance, Medicare supplement plan F has some of the standardized benefits that are described below.

  • The deductible of Medicare part A is covered.
  • The deductible of Medicare part B is covered.
  • The excess charges of part B are covered.
  • Preventive care coinsurance of part B is covered.
  • Coinsurance costs of skilled nursing facility care are covered.
  • The foreign travel emergency care costs are also covered by this supplement plan.

Supplement Plans Costs

Various private insurance companies are supposed to provide same basic benefits for every lettered plan; nevertheless, they are also allowed to charge you with different premiums. You are really supposed to look for such a Medicare supplement plan that will suit your financial and medical requirements. The private companies are to price their premiums in following ways.

  • Issue-age-rated: Such kinds of plans generally depend on your age at the time of enrolment in its policy. The older you are, the higher your premium will be. Hence, it is wise to enrol as soon as possible.
  • Community no-age-rated: Such supplement insurance schemes are likely to charge the premiums which are quite same across the board irrespective of one’s age.
  • Attained-age-rated: These kinds of schemes generally base its premium on your age when you bought a policy for the first time.

Why do you need to go for Medicare Supplement Plans?

There are many people who opt for original Medicare plan without really understanding the significance of Medicare Supplement Plans. If you decide to go for Medicare plan, then you are also required to opt for Medical Supplement Plans for the right reasons.  A medicare plan does not necessarily pay for all your health related costs. This is when medical supplement plans come handy. It is there to give coverage to those costs that do not come under the original medicare.

Medigap and health risks

Consider a AARP medicare advantage 2019

The more you live, the more your body becomes vulnerable to illnesses. People do not know whether or not they will have stroke, cancer or tumors or other similar terminal diseases. If you are under Medicare insurance, then it is all well and good. Nonetheless, it basically covers around 80 percent of your total health care bill; it does not necessarily cover 100%.  How do you pay for the rest 20% of the bill? Most of the people pay it from their pockets. This is when medicare supplement plans are used to pay this 20% bill.

Protecting financial assets with the Medigap

  • If you want to save a lot of money, then you are really required to go for medicare supplement plans for the obvious plans. These supplement plans along with original medicare are there to pay 100% of your health related bills. Without having supplement plan, you would have to pay around 20% of the total medical bills which could be lot at times. In case, you are really interested in protecting your financial asset then opting for the medicare supplement plan is the best thing you could do.


  • There are plenty of different private insurance companies that provide you with the medicare supplement plans as per your need and preference. At times it could be difficult to find the best insurance company. Nevertheless, if you do extensive online research on various insurance companies and their services, then you will eventually be able to find the best option for yourself.


There are many people who have already been benefited by this supplement plan. You are always supposed to remember that it is wise to opt for the both original medicare as well as Medigap policies together at the same time. Only doing this, all your medical costs will be fully covered; otherwise you will have to pay a lot of money from your pocket for obvious reasons.

Medicare Supplement (Medigap) Insurance Plan G

Are you looking for assistance with certain costs that Original Medicare does not cover? There are ten standardised Medicare Supplement (Medigap) insurance policies available in the majority of states, and also Plan G could be a choice if you’re looking for a more comprehensive policy.

medicare supplement plan g

When it comes to Covered benefits, Medicare Supplement insurance Plan G is almost identical to Medicare Supplement insurance Strategy F. Both of these plans offer the most comprehensive coverage of their 10 Medigap plan types available in the majority of states. The most noticeable difference between the two plans is the fact that Plan G doesn’t cover the Medicare Part B deductible. If you’ve got this plan, you will want to pay for this cost out of pocket.  Information and a quote for Medicare Supplement plan G can be found at

Deductible might differ from year to year; you will want to pay for all health care costs until your out-of-pocket costs reach this total. When you reach the yearly Medicare Part B deductible, you’ll generally pay 20% of their Medicare-approved cost for Part B-covered services (such as physician visits and durable medical equipment).

Like additional Medigap Plans, Medicare Supplement insurance Strategy 5 helps Original Medicare Borrowers with special flat-rate prices (for example, cost sharing).

Plan G Also includes the following benefits:

  • Medicare Part A inpatient Hospital coinsurance and hospital costs upto 365 days after First Medicare benefits are drained
  • Medicare Part A hospice maintenance
  • Medicare Part A deductible
  • Medicare Part A Copayment
  • Medicare Part B excess fees
  • First 3 Pints of blood for a year used in any medical treatment
  • A medical procedure employed per year
  • Licensed nursing facility care Co insurance coverage
  • Foreign travel emergency Coverage (80 per cent up to policy limits)

Medicare Supplement insurance Plan G and Medicare Part B excess charges

It’s worth noting Medigap Plan G covers Section B excess charges, which the majority of all Medicare Supplement insurance plans do not cover. Medigap Plan F could be the only other Medicare healthcare insurance program which ensures this particular benefit. Usually, that the Medicare program has set up approved payment rates (called the Medicare fee schedule) for insured health services; this governs precisely what doctors and providers have been allowed to charge a fee for Medicare-covered services.

You might need to pay for excess charges should you use a physician or provider that doesn’t accept assignment, meaning that the provider does not take the Medicare-approved level as the complete payment. Excess charges occur when the doctor charges you above this amount. Legally, providers that do not accept assignment can merely bill up to 15% in excess charges over the Medicare-approved amount (state law can impose further limitations).