Understanding Medicare Supplement Plans Part A and B Medicare can cover many health-related costs, but some seniors discover that they need more coverage. That’s where Medicare Supplement Insurance comes in. Also known as Medigap, these plans can bridge the gap between your medical needs and your Medicare coverage. It can be tough to choose the right Medicare Supplement plan to suit your needs. Consider speaking with an independent insurance agent for guidance. Basics of Medigap Private insurance companies offer and administer Medigap plans. These plans provide coverage for expenses not covered by Part A and B Medicare, such as yearly deductibles, coinsurance, and copayments. Depending on the specific plan you choose, you might also get emergency overseas travel coverage or coverage for Part B excess charges. Eligibility for Medigap Only seniors who are enrolled in Medicare are eligible to enroll in a Supplemental Insurance plan. Since Medigap plans aren’t intended as a stand-alone insurance policy, you’ll need to stay enrolled in Original Medicare. All states are required to offer Medigap plans to enrolled seniors ages 65 and older. Some states will also offer it to younger adults who are enrolled in Medicare because of disabilities like end-stage renal disease. Logistics of Medigap Many of the details of Medigap plans are standardized. That is, they remain the same no matter which state you live in. However, there are a few differences, such as the availability of certain Medigap plans. An insurance agent can give you up-to-date information on the available plans in your state. Certain limitations may apply. For example, in Wisconsin, you can enroll in a Medicare Supplement plan with a pre-existing condition. The waiting period for coverage for pre-existing conditions may not last longer than six months. You should also know that a Medigap plan enrollment will only cover one person. If you and your spouse both want a Medigap plan, you’ll need to purchase separate policies. American Senior Benefits is an independent insurance agency that specializes in serving older adults in the Hudson, WI area. If you need help sorting through your Medicare options, their agents will help you find the most appropriate plan for your needs. Call their office at (612) 865-3318.