Affordable Medicare Supplement Plans
Medicare beneficiaries who want to reduce out-of-pocket costs like copays, deductibles, and coinsurance may opt for a Medigap plan. The plan covers what Original Medicare doesn’t and has premiums ranging from $30 to $300 a month depending on the coverage you choose.
In most states, you have 10 standardized Medicare Supplement plans to choose from plus two high-deductible options. Plans are identified by letter and each has specific benefits that are regulated by the Centers for Medicare and Medicaid Services (CMS). Plan F offers the most comprehensive coverage, including the Part B deductible and Part B excess charges, which other standardized plans don’t cover.
Affordable Medicare Supplement Coverage: Ensuring Peace of Mind
Affordable Medicare Supplement coverage insurance costs vary by state, plan type, and company. You can find the best value by comparing prices from multiple companies and looking for discounts like household or loyalty discounts. You can also save by choosing a policy with an issue-age rating, meaning your monthly premium won’t increase because of your age.
You can learn more about Medicare Supplement plans by visiting the CMS Medicare website or talking to a licensed insurance representative. It’s important to weigh the benefits of each plan against your current and anticipated medical needs when making a decision. Then, consider how much you can afford in monthly premiums to balance your coverage against cost.