If you receive Medicare benefits, you probably already know that Medicare Part A and Medicare Part B don’t cover everything. Medicare supplement plans are sometimes called Medigap Plans because they fill in the gaps for things that Part A and B don’t cover. As for 2018 Medicare supplement plans, no significant changes in primary benefits are expected. However, premiums and your needs may have changed, and this could impact your choice of benefit levels and the offers available from various insurance companies.
We provide an easy way to get price quotes from the most popular 2018 Medicare supplement plans. Besides supplements, these insurers often also offer Medicare Advantage and Medicare Part D. All you have to do is enter your basic info on the form on this page. After reviewing the selection of companies, click any entry for more Medigap plan details and contact information.
Advantages of 2018 Medicare Supplement Plans
In fact, the freedom, predictability, and stability of 2018 Medicare Supplement plans are the primary reasons that some people prefer them to other kinds of Medicare plans, like Medicare Advantage plans. However, Medicare Advantage plans are usually cheaper. The key to selecting the best insurance for your own needs is to learn how Medicare works, compare local 2018 Medicare plans, and consider your own medical and prescription needs.
Top Companies For 2018 Medicare Supplemental Plans
These companies offer 2018 Medigap Plans:
- AARP Medicare Supplement plans
- Humana Medicare plans
- Blue Cross Blue Shield Medicare supplements
- Aetna Medigap Supplement Plans
- Cigna Medigap Plans
- Bankers Life
- Mutual of Omaha Medigap Plans
- Gerber Life
How 2018 Medicare Supplement Plans Work With Original Medicare
Most US seniors and many disabled people qualify for Part A for free and Part B with a modest premium. These are often called hospital and medical coverage, but they only cover many services at 80%, and the patient still needs to pay the other 20%. Coming up with cash for copays and deductibles is often difficult on retirement incomes.
Supplements fill in some of these gaps, and they come in different standardized levels. These are some popular Medigap plans for 2018:
- Medigap Plan A: Usually considered basic coverage
- Medigap Plan C: Considered more robust coverage
- Medigap Plan N: Well rounded coverage with small copays for Doctor Visits
- Medigap Plan F: Has a high deductible option and covers excess charges
- Medigap Plan G: Also includes coverage for excess charges
At certain times, qualified Medicare beneficiaries can buy a Medicare supplement plan without answering health questions. Medicare labels this option as a “right to buy.” At other times, insurers can do health underwriting, and they may charge some applicants more or even decline some applicants. That is one reason it is important to make a careful choice when you choose a Medicare supplement plan for 2018.
The most common example of “the right to buy” in which an applicant does not need to answer any health questions is the period right after they first become eligible for Medicare Part A and Medicare B. Another example is on the rare occasion that a Medicare supplement company pulls out of the policy holder’s service area or violates federal or state regulations.
Medicare Part D
Prescription D drug plans are separate from Medigap plans, and they help cover the cost of prescription medications for Medicare recipients. They do come bundled with many Medicare Advantage plans, but Medicare supplement plan holders need to buy stand-alone coverage. Even though the same Medicare insurance companies that offer Medicare supplements usually offer Medicare Part D, you do not have to use the same company for both. In fact, you might do better by finding good coverage at an affordable price from another company, and some recipients appreciate this flexibility.
Some improvements to Part D plans include better coverage of brand-name prescriptions during the infamous “donut hole.” This gap is expected to close in the next few years entirely. Many view this as one positive impact of health reform on Medicare.
Compare 2018 Medicare Supplement Plans Online or By Phone
By now, you can see that it is essential to compare 2018 Medicare supplement plans before making a decision. The right choice for you will depend on your medical needs, health budget, and the insurance companies that offer Medigap plans in your town or city. One of the most important things to understand is that different companies could all charge different amounts for the same individual, so it is important to shop 2018 Medigap plans for the right benefits and the right price. Also, you have to remember that you won’t necessarily save money by choosing small premiums over the better benefits that you really need.
By entering your hometown necessary information in the form on this site, you have a chance to see your options for 2018 Medicare Supplement Plans all one one screen. This tool can help you save time and money, and it can also help you find the right combination of benefits and price to keep you healthy.