Supplements & other insurance

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Medicare: What Are Medigap Plans?

However, you may have to wait up to six months for coverage if you have a pre-existing health condition. The insurer through which you buy your Medigap policy can refuse to cover out-of-pocket costs for pre-existing conditions during that period. After six months, the Medigap policy must cover the pre-existing condition. The exception to this rule is if you buy a Medigap policy during your open enrollment period and have had continuous “creditable coverage,” or a health insurance policy for the six months before buying a policy. The Medigap insurance company cannot withhold coverage for a pre-existing condition in that case.

What’s Medicare Supplement Insurance (Medigap)?

Some Medigap policies also offer coverage for services that Original Medicare doesn’t cover, like medical care when you travel outside the U.S. If you have Original Medicare and you buy a Medigap policy, Medicare will pay its share of the Medicare-approved amount for covered health care costs. Then your Medigap policy pays its share.

Florida Blue Medicare Supplements

Sometimes these supplemental insurance policies are called Medigap insurance plans. That is because they fill in the gaps for medical expenses that Medicare does not pay. These plans are sold by top-rated private insurers like Florida Blue, formerly Blue Cross and Blue Shield of Florida. According to the Medicare website, all of these plans offer the same basic benefits, but some add additional benefits that might be beneficial for some people. In most states, including Florida, these plans are standardized by the letter names or A through N. This illustrates some ways that these standardized plans are different but similar:

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