Medicare Supplements

As you approach retirement and age 65, the reality of Medicare becomes imminent, leading to uncharted waters in health insurance coverage. Medicare Parts A and B, or hospital and medical insurance respectively, are extremely valuable upon termination of employer-sponsored coverage, but that doesn’t mean life after enrollment will be smooth sailing. While many expenses, like hospital visits and physician examinations, are covered, others are not, leaving gaps that can lead to steep out of pocket expenses.

Medicare supplement policies, also called Medigap policies, are designed to eliminate the missing links in your health insurance, providing coverage for many of the vital services standard Medicare does not cover, including:

  • Part A coinsurance costs up to an additional 365 days after benefits are exhausted
  • Part A hospice care coinsurance
  • Part B coinsurance or copayment
  • The first three pints of blood each year
  • Skilled nursing home care coinsurance
  • Part A and B deductibles
  • Foreign travel insurance
  • Vision coverage, dental care, and hearing aids

Medicare Supplement Policies

In the United States, Medigap policies come in 10 standardized plan forms, lettered from A through N. Each plan covers a different combination of options, allowing you to pick and choose based on your unique health concerns and future plans.

Medicare Supplement Plans
Plan BenefitsABCDFGKLMN
Part A coinsurance and hospital costsYesYesYesYesYesYesYesYesYesYes
Part B coinsurance or copaymentYesYesYesYesYesYes50%75%YesYes
Blood (first 3 pints)YesYesYesYesYesYes50%75%YesYes
Part A hospice care coinsurance or copaymentYesYesYesYesYesYes50%75%YesYes
Nursing facility care coinsuranceNoNoYesYesYesYes50%75%YesYes
Part A deductibleNoYesYesYesYesYes50%75%50%Yes
Part B deductibleNoNoYesNoYesNoNoNoNoNo
Part B excess chargeNoNoNoNoYesYesNoNoNoNo
Foreign travel exchangeNoNo80%80%80%80%NoNo80%80%
Out-of-pocket limit$4960$2480

Finding the Right Fit

The right Medigap policy can make a substantial difference in ensuring a healthy future. When you are seeking an affordable way to mitigate the costs associated with Medicare coverage, The Jordan Insurance Agency is here to support you from start to finish. Offering comprehensive, customized advice based on your unique needs, our agents can help you determine the perfect fit for you.

Get a free quote online or contact us at 704-926-7565 to explore how our team can help!

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The Jordan Insurance Agency is a local & independent, multiple-line insurance agent in Charlotte that is focused on providing the best value for our client’s insurance needs. As expert insurance advisors, we are dedicated to thoroughly evaluating your risks and insurance needs, providing the best coverage plans that help protect your financial future.
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