Thursday, August 18, 2022

Tips to Compare Medigap Insurance Policies Online

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Medicare is the federal insurance program for people 65 or older, certain disabled people under age 65, and those with End-Stage Renal Disease (ESRD). Medicare covers:

Part A: Hospitalization costs

Part B: Outpatient care and other medically necessary services

Part C: Prescription drugs through Medicare Advantage Plans (MAPs)

Part D: Supplemental medical coverage, including Medigap policies

What Is Medigap?

Medigap policies are standardized and federally mandated supplemental insurance plans covering out-of-pocket costs associated with Medicare, such as copayments, coinsurance, and deductibles. Medigap is also referred to as Medicare Supplement Plans. They help bridge the “donut hole” for prescription drugs for Medicare beneficiaries.

Medigap Plan A is the most commonly purchased plan because it covers 100% of your hospital copayments if you are admitted to a hospital and most of your outpatient care. It will also pay 85% of your Part B deductible. Medigap Plan C is the second most popular plan offered by states because it covers 100% of your coinsurance for hospitalization after paying the Part A coinsurance amount. Medigap Plan F is also offered in many states because up to 80 % of physician charges are covered under this plan.

Medigap policies are standardized state-regulated health insurance plans designed to fill gaps in Original Medicare coverage. The letters A through N represent different benefits packages; although there are many kinds of policies available, they can generally be grouped into four categories:

Plan A: Covers hospitalization only

Plan B: Covers hospitalization plus limited outpatient care (often called “extended” plans)

Plan C & F: Covers hospitalization plus more extensive outpatient care than Plan B (often called “basic” plans)

If you’re looking into Medigap insurance, you may be confused about which plans are available in your state. There are many factors to consider when choosing a Medigap policy, including the benefits offered and how much they cost.

When you compare Medigap policies, it’s important to note that there are no federal mandates for Medicare supplemental insurance plans. Hence, each state decides which plans they’ll offer and what they’ll cover.

Here are some tips to help you compare Medigap policies online:

States Are Not Required to Offer Every Medigap Plan

If a state offers even one Medigap policy, they are required to offer Medigap plan A AND C or F. If they do not offer these two plans, they must provide notice of this fact in writing with their application materials.

Tips To Compare Plans

Medigap policies cover many things Medicare doesn’t, including copayments and coinsurance. But there are many variations in the coverage offered by Medigap plans. The more you know about what each plan offers, the better your chances of choosing the right one.

Here are some tips to help you compare Medigap policies online:

1. Look for plans that cover all your needs.

2. Compare premiums and deductibles before committing to a plan.

3. Make sure there’s no waiting period before your coverage begins or ends.

4. Find out if you’ll need supplemental insurance for any services not covered by Medicare Part A or Part B — such as dental care, outpatient prescription drugs, and eyeglasses — and how much those policies will cost.

5. There are several ways to compare Medigap insurance policies online. Some companies offer a tool on their website that allows you to enter your zip code and see what plans are available in your area.

6. Another option is to use an independent website like, which provides information on all the available Medigap plans in your area and helps you to quickly get free quotes from top insurance providers.

7. If you’re unsure which plan suits your situation, you can also call an insurance agent to help guide you through choosing a policy. If you have questions about comparing Medigap policies online, speak with an independent agent who can help guide you through the process and answer any questions you may have about comparing Medigap policies online.

The Bottom Line…

Look beyond price tags. Before you buy any medical insurance — including Medigap — make sure you understand what’s covered and what isn’t covered by the policy and how much it will cost over time as your needs change.

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