A Medicare Supplement Plan (also known as Medigap) is different from a Medicare Advantage Plan. A Medicare Supplement Plan supplements your Original Medicare benefits. It can help pay some of the health care costs that Original Medicare doesn’t cover, like co-payments, coinsurance, and deductibles.

7 Things You Need to Know About Medicare Supplement Plans

1. You must have Medicare Part A and Part B.

2. If you have a Medicare Advantage Plan, you can apply for a Medicare Supplement Plan, but make sure you can leave the Medicare Advantage Plan before your Medicare Supplement Plan begins.

3. You pay the private insurance company a monthly premium for your Medicare Supplement Plan in addition to the monthly Part B premium that you pay to Medicare.

4. A Medicare Supplement Plan only covers one person. If you and your spouse both want Medicare Supplement Plan coverage, you’ll each have to buy separate policies.

5. Any standardized Medicare Supplement Plan is guaranteed renewable even if you have health problems. This means the insurance company can’t cancel your Medicare Supplement Plan as long as you pay the premium.

6. If you want prescription drug coverage, you can join a Medicare Prescription Drug Plan (Part D).

7. Medicare Supplement Plans don’t cover everything. They don’t cover long term care, vision or dental care, hearing aids, eyeglasses, or private-duty nursing.

Let us customize a plan for you. Call us today (770-514-0589) for a ONE-ON-ONE consultation.