What’s Medicare Supplement Insurance (Medigap)?

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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.
Source: medicare.gov

Supplements & other insurance

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Source: medicare.gov

Medicare Supplement Plans

To be eligible to enroll in a Medicare Supplement plan, you must be enrolled in both Medicare Part A and Part B. A good time to enroll in a plan is generally during the Medigap Open Enrollment Period, which begins on the first day of the month that you are both age 65 or older and enrolled in Part B, and lasts for six months. During this period, you have the guaranteed-issue right to join any Medicare Supplement plan available where you live. You may not be denied coverage based on any pre-existing conditions during this enrollment period (although a waiting period may apply). If you miss this enrollment period and attempt to enroll in the future, you may be denied coverage or charged a higher premium based on your medical history. In some states, you may be able to enroll in a Medigap plan before the age of 65.
Source: ehealthinsurance.com

Medicare Supplement Insurance Costs

Your first opportunity to buy a Medicare Supplement plan is during your Medigap Open Enrollment Period. This six-month period begins the month you’re both enrolled in Medicare Part B and 65 years old or greater. If you sign up for a Medigap plan during this period, you have a guaranteed issue right to buy the policy without undergoing medical underwriting or paying a higher premium because of a health problem. Once your Medigap Open Enrollment Period has ended, in most cases you don’t have guaranteed issue rights. There are some other situations where you may have guaranteed issue rights.
Source: ehealthinsurance.com

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