At AccuQuote, we believe health coverage in retirement shouldn’t be confusing or leave you exposed to unexpected costs. That’s why we’ve made it our mission to help you understand Medicare Supplement Insurance — also known as Medigap — so you can make confident, informed choices about your healthcare.
How Much Will Medicare Actually Cover?
Medicare Parts A and B cover many healthcare expenses, but not all. You’re still responsible for deductibles, copayments, and coinsurance, plus services that Medicare doesn’t cover. Without additional coverage, you could pay thousands out of pocket each year.
How Medigap Works
If you have Medicare Parts A and B, you can purchase a Medigap policy. Medicare pays its share first, and your Medigap plan helps cover the rest.
There are 10 standardized Medigap plans (A through N), each offering different coverage levels. Plans are consistent across companies, but premiums may vary, so it’s important to compare rates.
Who Needs Medigap?
You may be eligible if:
- You’re 65 or older and enrolled in Medicare Parts A and B
- You’re under 65 and have a qualifying disability
Nearly 90% of Medicare beneficiaries eventually choose supplemental coverage to reduce out-of-pocket costs.
When to Enroll in Medicare Supplement Insurance
The ideal time to enroll in a Medicare Supplement Insurance plan, commonly known as Medigap, is during your six-month open enrollment period. This enrollment window begins the month you are both 65 or older and enrolled in Medicare Part B. During this time, insurance companies must offer you any Medigap policy they sell, with guaranteed issue rights, meaning you cannot be denied coverage or charged higher premiums due to current or past health conditions. This allows you to choose from a full range of plans at the most affordable rates available, without the need for medical underwriting or worrying about eligibility.
Once this open enrollment period ends, however, those protections no longer apply. If you decide to apply for Medigap later, insurers can require a medical review, charge significantly higher premiums, or even decline your application based on your health status. That’s why it’s crucial to act during this six-month window if you want the best access, lowest costs, and fewer complications down the road. Planning ahead during this time can provide lasting financial security and ensure you have coverage that helps pay for expenses Medicare doesn’t cover — like copayments, coinsurance, and deductibles.
Let AccuQuote Help You Choose the Right Plan
Choosing a Medicare Supplement plan can be confusing—but you don’t have to do it alone. At AccuQuote, our licensed agents make it simple to:
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Compare Medicare Supplement plans
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Understand your options
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Find the best coverage at the lowest cost
Request a free quote today and let us help you protect your health and your finances.
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