47 states offer 10 standardized Medicare Supplement Insurance plans that are indicated by the letters of the alphabet from A to N, minus E, H, I, and J, which are no longer available.
Private insurance companies providing these policies don’t have to provide every Medicare Supplement plan except for Plan A, and any other standardized Medicare Supplement Insurance plans it offers.
Please note that though the titles appear alike, the parts of Medicare, e.g. Part A and Part B, are different from Medigap Plan A, Plan B, and more.
Medicare Supplement Insurance Plan Basic Benefits
Medicare Supplement Plan F
A few plans offer more basic benefits. Medicare Supplement Plan F is considered the most comprehensive standardized Medigap insurance plan, and carries:
Medicare Part A and Part B deductibles.
Part B preventative care coinsurance and excess charges
Skilled Nursing Facility (SNF) care coinsurance
Foreign travel emergency care at 80% of Medicare-approved costs (up to plan limits)
Some plans may include additional innovative benefits
Do You Understand How Medicare Supplement Works?
Medicare Supplement Insurance Plan Costs
While private insurance companies must provide the same basic benefits for every lettered plan, they are allowed to offer varied premiums. You probably want to research rates to find a Medicare Supplement insurance plan to fit your health care and financial needs best.
Please note that irrespective of what rating system an insurance company uses, premiums may rise any time for reasons other than aging, e.g., inflation.
Medicare Supplement Insurance Plan
Enrollment & Eligibility
Enrollment & Eligibility
To qualify for a Medicare Supplement insurance plan, you need to be enrolled in both Medicare Part A and Part B. The best time to register for a plan is in the Medigap Open Enrollment Period, which begins on day one of the month, 6 months before you’re 65, and lasts for six months after. During this time, you’ll have a guaranteed-issue right to join any Medicare Supplement insurance plan obtainable where you are living.
If you enroll during this period, you may not be denied basic benefits according to any pre-existing conditions* (though a waiting period could apply). If you skip this enrollment period and try to enroll in the future, you’re likely to be denied basic benefits or billed a higher premium according to your medical history.
*Pre-existing conditions are any medical problems which existed prior to the beginning of a plan or policy. Coverage may be limited or omitted, and these conditions may stop you from being approved for a policy. The exact description and relevant restrictions or exclusions of coverage are different with every plan, so check a specific plan’s official documents to discover the way that plan handles preexisting conditions.