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Do I Really Need Supplemental Insurance With Medicare

Helping Pay Medicare Deductibles Co

Do I Need a Medicare Supplement Plan? The Truth About Medigap Plans….

In order to help pay for deductibles, co-payments, and co-insurance related to your Medicare policy, you can purchase an additional Medigap policy from a private insurance agency. Medigap policies also require a monthly premium that must be paid in addition to your Medicare premium, but can help offset the larger costs of health care services . Medigap policies are sold by private agencies but are regulated by the government and must be guaranteed to be renewable in other words, they cannot be cancelled if your health declines. They must also not duplicate your existing coverage.

Medigap policies often exclude many of the same services as Medicare , so it is important to carefully review what is and is not covered. You can purchase varying degrees of Medigap coverage based on what you are able and willing to pay for your monthly premium for example, some Medigap policies will help pay for medical expenses you may incur when traveling outside of the U.S. You also have a right to cancel a policy within a certain amount of time if you are not happy with the policy.

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Who Is Eligible For Medicare Supplemental Insurance

Medicare supplemental insurance is available to people who are not eligible for Medicare. Supplemental insurance helps pay for health care costs that are not covered by Medicare, such as out-of-pocket expenses.

To be eligible for Medicare supplemental insurance, you must be:

65 or older

A U.S. citizen or permanent resident who has been living in the United States for at least five years

In good health, based on a doctors assessment

If you are not already covered by Medicare, you may be able to enroll in a Medicare supplemental plan if it offers benefits that are better than what you receive through Medicare. Your doctor can help you decide if supplemental insurance is right for you.

Where Can You Get More Information

You can find out more about Medicare, whether you are eligible, and what it would cost you in your situation at Or you can call 1-800-633-4227.

You can look at Medicare plans at

The website has information on both Medicare and Medicaid.

You also can get help to decide what plans might be best for you through your states Health Insurance Assistance Program. For more information, see

Current as of: February 11, 2021

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How Can Medicare Supplement Insurance Help Me

Getting Medicare supplement insurance will provide you with numerous benefits, covering expenses and gaps Original Medicare fails to cover. One of the most significant advantages of Medigap is that you can see any medical provider in the U.S. or its territory and that no insurance company has a say in your coverage. Your medical care is between you and your doctor. Some coverage plans also include emergency medical coverage outside the United States. Other than that, Medigap offers freedom of choice as there are several plans you can opt for, each covering specific services.

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One Source Benefits

Bollwerk & Tatlow, LLC is located in St. Louis, Missouri and serves all of Missouri and Illinois including the following counties, cities, and towns:St. Louis. St. Louis County: Clayton, Chesterfield, Kirkwood, Florissant, Oakville, University City, Mehlville, Wildwood, Ballwin, Affton, Maryland Heights, Hazelwood, Webster Groves, Brentwood, Lemay, Bellefontaine Neighbors, Manchester, Town and Country, Ferguson, Glendale, Creve Coeur, Maplewood, Bridgeton, Ladue, Jennings, Saint Ann. Jefferson County:Arnold, Festus, Murphy, Barnhart, De Soto, Fenton, Byrnes Mill. St. Charles County: OFallon, St. Charles, St. Peters, Wentzville, Lake St. Louis, Weldon Spring. Franklin County: Washington, Union, Sullivan, Pacific, Saint Clair. Warren County: Warrenton, Wright City. Lincoln County: Troy, Elsberry, Moscow Mills. Boone County: Columbia. Randolph County: Moberly, Huntsville. Southern Illinois.

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Can I Get My Health Care From Any Doctor Other Health Care Provider Or Hospital

Original Medicare

You can join a separate Medicare drug plan to get Medicare drug coverage.

Medicare Advantage

Medicare drug coverage is included in most plans. In most types of Medicare Advantage Plans, you cant join a separate Medicare drug plan. You can join a separate Medicare drug plan with certain types of plans that:

  • Cant offer drug coverage
  • Choose not to offer drug coverage

Youll be disenrolled from your Medicare Advantage Plan and returned to Original Medicare if both of these apply:

  • Youre in a Medicare Advantage HMO or PPO.
  • You join a separate Medicare drug plan.

Is My Spouse Covered

No. A Medigap policy covers only one person and doesn’t cover expenses incurred by your spouse. Medicare isn’t like an employer-sponsored plan you can’t enroll your spouse under your coverage. This means you and your spouse have to purchase separate plans to be covered for supplemental insurance.

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What Is The Difference Between Advantage And Supplement Plans

Medicare Advantage and Medicare Supplement are different types of Medicare coverage. You cannot have both at the same time. Medicare Advantage bundles Part A and B often with Part D and other types of coverage. Medicare Supplement is additional coverage you can buy if you have Original Medicare Part A and B.

Accidental Death And Supplemental Accident Plans

Do I need Medicare supplement insurance? | WPS Explains

Two kinds of accident policies are available, including accidental death and dismemberment insurance and supplemental accident insurance. They’re often combined and sold together. The benefits vary from state to state due to local insurance regulations.

An AD& D policy will pay you a lump-sum cash benefit if you’re the named beneficiary of someone who died in an accident. These policies may pay smaller amounts if the person didn’t die but lost a limb, went blind, or became permanently paralyzed.

AD& D insurance does not pay for any deaths related to illness, suicide, or natural causes.

Accident medical insurance, also known as an accident indemnity policy or a supplemental accident policy, may pay for medical costs resulting from an accident or injury. Some of these policies may also pay for extended home care services and travel and lodging expenses for family members.

Some accident supplements will just reimburse you up to a pre-determined flat amount if you have medical claims resulting from an accident.

Accident supplement policies are popular with healthy people who have high-deductible insurance plans, defraying upfront premium costs while providing a “backup plan” in the unlikely event of a calamity. The money can then be used to pay the health insurance deductible.

Having an accident supplement in addition to an HSA-qualified high-deductible health plan does not interfere with your eligibility to make pre-tax contributions to a health savings account .

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What Does Medicare Supplement Insurance Cover

Medicare Supplement insurance is sold in 12 standard plans. Plans C and F are only available to people who were eligible for Medicare before January 2020.

Every company must sell Plan A, which is the basic plan, or the “core benefit” plan. The standard plans are labeled A through L. Remember, the plans are standardized. So, Plan F from one company will be the same as Plan F from another company. Select the supplement policy which fits your needs, and then purchase that plan from the company which offers the lowest premiums and best customer service. Core Benefits: Included in all plans.

  • Pays Part A Hospital copayment
  • Pays for an additional 365 days of hospitalization after Medicare benefits end.
  • Pays Part B copayment

You will have to pay part of the cost-sharing of some covered services until you meet the annual out-of-pocket limit. Plan K has a $6,220 out-of-pocket limit. Plan L has a $3,110 out-of-pocket limit . Once you meet the annual limit, the plan pays 100% of the Medicare copayments, coinsurance, and deductibles for the rest of the calendar year. These amounts can change each year.

Coverage Gaps In Original Medicare

People can receive Medicare benefits in one of two ways: Original Medicare or Medicare Advantage.

Original Medicare, also known as traditional Medicare, consists of Part A and Part B. At age 65, you can automatically be enrolled or manually enroll in Original Medicare.

Original Medicare has several out-of-pocket costs, including monthly premiums, annual deductibles and copayments for doctor services.

Unlike Medicare Advantage, there is no yearly out-of-pocket maximum in Original Medicare.

These gaps in Original Medicare insurance can quickly add up, especially if youre in poor health or on a fixed budget.

2022 Original Medicare Out-of-Pocket Costs at a Glance

  • 20 percent of all Part B services, including doctor visits, durable medical equipment and outpatient therapy
  • $1,556 Part A hospital deductible for each benefit period
  • $233 Part B deductible
  • $170.10 monthly Part B premium

Most people dont pay a monthly premium for Medicare Part A. But if you didnt work enough before turning 65, you may face this extra fee, which can cost up to an additional $499 a month.

There are also several coverage gaps in Original Medicare. For example, vision, dental and hearing are not covered unless deemed medically necessary.

Medigap, also known as Medicare supplement insurance, can help pay some of the remaining health care costs Original Medicare doesnt cover.

Dont Leave Your Health to Chance

Medigap policies are sold by private insurance companies.

Medigap Plan Coverage Highlights

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Does Medicare Advantage Take The Place Of Medicare

Medicare Advantage is an all in one alternative to Original Medicare. These bundled plans include Part A, Part B, and usually Part D. Plans may have lower out-of- pocket costs than Original Medicare. … Most plans offer extra benefits that Original Medicare doesn’t cover like vision, hearing, dental, and more.

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Do You Really Need a Medicare Supplemental Insurance Plan?

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View state disclosures, exclusions, and limitations

1Original Medicare coverage is required in order to purchase a Medicare Supplement plan.

2 These programs are NOT insurance and do not provide reimbursement for financial losses. Some restrictions may apply. Programs and services may be added or discontinued at any time. Customers are required to pay the entire discounted charge for any discounted products or services available through these programs. The Healthy Rewards program is provided by Cigna Health and Life Insurance Company. Programs are provided through third party vendors who are solely responsible for their products and services. Program availability may vary by location, and are not available where prohibited by law.

3 Insured by Cigna Health and Life Insurance Company, American Retirement Life Insurance Company, Loyal American Life Insurance Company, or Cigna National Health Insurance Company. In Kansas, insured by Cigna National Life Insurance Company, Cigna Health and Life Insurance Company and Loyal American Life Insurance Company. American Retirement Life Insurance Company is not available to residents of Kansas. In Pennsylvania, Maryland North Carolina and Utah, insured by Cigna National Health Insurance Company domiciled in Ohio. In New Mexico, Idaho and Ohio, insured by Cigna Health and Life Insurance Company.

4 Medicare Supplement plans may be subject to medical underwriting, and coverage may be denied.


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Things To Consider Before You Buy A Plan

  • You must have Medicare Part A and Part B .
  • If you have a Medicare Advantage plan, you can apply for a Medigap policy, but make sure you leave the MA plan before your Medigap plan starts.
  • You pay the private insurance company a monthly premium for your Medigap plan in addition to the monthly Part B premium you pay to Medicare.
  • A Medigap plan only covers one person. If you and your spouse both want Medigap coverage, youll each have to buy separate policies.
  • You can buy a Medigap plan from any insurance company thats licensed in your state to sell one.
  • Any standardized Medigap plan is guaranteed renewable even if you have health problems. This means the insurance company cant cancel your Medigap plan as long as you pay the premium.

When Medicare Advantage Plans Fall Short

For many seniors, Medicare Advantage plans can work well. A 2021 study in the Journal of the American Medical Association found that Advantage enrollees often receive more preventive care than those in traditional Medicare.

But if you have chronic conditions or significant health needs, you may want to think twice. For one thing, with Original Medicare you can see any provider that accepts Medicare, which is most of them.

But Medicare Advantage plans typically require that you get care from a more limited network of providers, and you may need pre-authorization to see specialists, says Melinda Caughill, a co-founder of 65 Incorporated, a firm that provides Medicare enrollment guidance.

Its a riskier approach to health care, Caughill says, which can also end up being more expensive.

For example, a recent Kaiser study found that about half of all Medicare Advantage enrollees would end up paying more than those in traditional Medicare for a seven-day hospital stay.

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What Are The Characteristics Of Medicare Beneficiaries With Different Sources Of Coverage

Traditional Medicare

Among Medicare beneficiaries in traditional Medicare, most have supplemental coverage, either through Medigap , employer-sponsored retiree health coverage , or Medicaid . But nearly 1 in 5 Medicare beneficiaries in traditional Medicare have no supplemental coverage .

Figure 2: Nearly One in Five Traditional Medicare Beneficiaries Had No Source of Supplemental Coverage in 2018


Medicare supplement insurance, also known as Medigap, provided supplemental coverage to 2 in 10 Medicare beneficiaries overall, or 34% of those in traditional Medicare in 2018. As with other forms of supplemental insurance, the share of beneficiaries with Medigap varies by state. Medigap policies, sold by private insurance companies, fully or partially cover Part A and Part B cost-sharing requirements, including deductibles, copayments, and coinsurance. As of January 1, 2020, Medigap policies are prohibited from covering the full Medicare Part B deductible for newly-eligible enrollees however, older beneficiaries who are already enrolled are permitted to keep this coverage. While Medigap limits the financial exposure of Medicare beneficiaries and provides protection against catastrophic expenses for services covered under Parts A and B, Medigap premiums can be costly and can rise with age, depending on the state in which they are regulated. Estimated average monthly premiums for Medigap policies range from $150 to around$200.

Employer-sponsored Retiree Health Coverage

What Is Medicare Supplemental Insurance

Medicare Supplemental Insurance – Medigap: Do You Really Need It? Part 3

Medicare Supplemental insurance, otherwise known as Medigap, is essentially an extra form of insurance that you buy from a private company to cover costs that Original Medicare doesnt cover. By purchasing a Medigap plan, you are covering the remaining costs pertaining to health care such as copayments, coinsurance, and deductibles.

In order to be eligible for Medigap, the policyholder must be eligible to apply for Original Medicare. The same eligibility requirements that dictate Medicare applications also apply for the purchase of any Medigap plan. The requirements for Medigap require applicants to be:

  • 65 years and older, or
  • Diagnosed with End-Stage Renal Cancer , or
  • Diagnosed with Lou Gehrigs disease , or
  • An individual currently receiving disability benefits through the Social Security Administration
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    How Does Medigap Work

    The main purpose of Medigap is to supplement the coverage lacking from Medicare. As of now, Medicare Part A and Part B already provide standard coverage to its enrollees. It also gives them the option of obtaining Part D prescription coverage through a private insurer.

    In addition, individuals are also presented with the choice of obtaining a Part A and Part B bundle through Part C . In the event that you purchased a Medicare Advantage plan, you would no longer require a Medigap plan. In fact, in most areas, its not legal to sell someone both Medicare Advantage and Medigap insurance, because the coverages basically overlap.

    With this in mind, we would suggest that you purchase a supplemental insurance plan only if you want Original Medicare benefits alongside those of Part D.

    Original Medicare: Key Takeaways

    If youre approaching Medicare eligibility, youve probably heard about the various private-coverage options that are available to replace or supplement Medicare. These plans are popular, but are they necessary?

    If you shun private coverage, can you get by on Original Medicare without purchasing supplemental coverage or using a Medicare Advantage plan?

    The answer is: It depends.

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    Is Medicare Part D Worth It

    If youre going with a Medigap plan rather than Advantage, prescription drugs wont be covered. Therefore, its advised that you enroll in a Part D plan. If you delay enrollment, you could face a penalty for the life of your policy.

    If you dont take any medications, you might wonder why you would enroll in such a plan today. In reality, it can easily be worth it, considering the money you could save on future penalties.

    How Long Do You Have To Sign Up For Medicare Part B

    Medicare Supplement Shopper√Ęs Guide

    You are able to sign up for Part B anytime you have current employer health coverage. Once employment ends, you will have eight months to sign up for Medicare Part B without having to pay a penalty. If you are enrolled in Medicare and another health plan, one of your insurers is the primary payer. The other is the secondary payer.

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    Who Needs Medigap Insurance

    If you have Medicare, you should consider a Medigap plan. A Medicare supplement plan can provide you with peace of mind during a major health event.

    Those that have a lot of doctors should consider a Medigap policy, since Medigap allows you to see any doctor that takes original Medicare, you have a plethora of options.

    Beneficiaries with chronic health conditions, a strict budget, lower risk tolerance, and those that travel need to sign up for Medigap.

    If one of those applies to you, talk to a Medicare advisor to find out which option is going to provide you with the most value.


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