{"id":637,"date":"2024-07-03T08:52:54","date_gmt":"2024-07-03T14:52:54","guid":{"rendered":"https:\/\/www.wenatcheeinsurance.com\/blog\/?p=637"},"modified":"2024-07-03T08:52:55","modified_gmt":"2024-07-03T14:52:55","slug":"how-do-medicare-supplement-medigap-plans-work","status":"publish","type":"post","link":"https:\/\/www.wenatcheeinsurance.com\/blog\/how-do-medicare-supplement-medigap-plans-work\/","title":{"rendered":"How Do Medicare Supplement (Medigap) Plans Work?"},"content":{"rendered":"\n
\"Medicare<\/figure>\n\n\n\n

Hey North Central Washington, it\u2019s Suzie<\/a> with Wenatchee Insurance<\/a>. Today, we are talkin\u2019 about \u00a0Medicare Supplement Insurance, or Medigap<\/a>. Think of Medigap as the baked potato to your Medicare steak, helping cover the costs that Original Medicare doesn\u2019t.<\/p>\n\n\n\n

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Suzie Appointment<\/a><\/div>\n<\/div>\n\n\n\n

What is Medigap?<\/strong><\/p>\n\n\n\n

Medigap plans are sold by private insurance companies and are designed to fill the “gaps” in Original Medicare. These gaps include out-of-pocket costs like copayments, coinsurance, and deductibles.<\/p>\n\n\n\n

Example!<\/strong><\/p>\n\n\n\n

Meet Barney, who\u2019s enjoying his retirement but worried about potential healthcare costs. He decides to get a Medigap plan to cover expenses that Original Medicare doesn\u2019t. Now, Barney can focus on detailing his Corvette instead of medical bills.<\/p>\n\n\n\n

Standardized Medigap Plans: One Size Fits Most<\/strong><\/p>\n\n\n\n

Medigap plans are standardized, meaning each plan offers the same basic benefits regardless of the insurance company. There are ten standardized plans (Plan A, B, C, D, F, G, K, L, M, and N), each offering a different level of coverage.<\/p>\n\n\n\n

Standardized plans allow a client to shop based on price in the middle of the year.<\/p>\n\n\n\n

Example!<\/strong><\/p>\n\n\n\n

Imagine Joan, who travels frequently. She chooses Medigap Plan G because it covers emergency care when traveling outside the U.S., giving her peace of mind on her adventures.<\/p>\n\n\n\n

What\u2019s Covered?<\/strong><\/p>\n\n\n\n

Medigap plans help cover costs like:<\/p>\n\n\n\n