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What is Medigap?

Aging Benefits Advisory Medigap

Medigap is supplemental private insurance that can help offset some of the costs of your Original Medicare plan.

If you have Original Medicare, then a Medicare Supplement Insurance (Medigap) plan might be something to consider to help cover some of the costs. These plans are helpful for anyone looking to minimize the costs associated with their Original Medicare plan—they are sold by private insurance companies specifically to offset some of these costs. So, is a Medigap insurance plan right for you?

What Does it Cover?

Medigap doesn’t cover everything, but it can help offset the costs associated with copayments, coinsurance, and deductibles from your Original Medicare plan. It doesn’t add coverage such as dental, vision, hearing, or prescription drugs. It’s a good idea to discuss these needs with your trusted Medicare broker to determine what will work best for you.

What’s the Difference Between Medigap and Medicare Advantage?

In a previous post, we went in-depth about Medicare Advantage and its comprehensive health and medical coverage. Original Medicare and Medicare Advantage are entirely different insurance policies. If you have Medicare Advantage, you don’t need Medigap and it can’t be sold to you  As you can’t have both at the same time due to overlapping benefits.


However, if you have Original Medicare or are switching from Medicare Advantage to Original Medicare, then Medigap is an option you might want to consider. You have to have Medicare Part A and Part B in order to receive Medigap benefits, and it only covers one person, but it’s a great option for supplemental insurance for those looking to offset the costs associated with their Original Medicare plan.

Is Medigap Right for You?

Whether Medigap is the right option for you depends on your zip code, current insurance policy, whether you’re looking to change, and whether you feel like you need supplemental insurance to control the costs of your healthcare. The best way to determine if Medigap is right for you is by contacting a trusted Medicare broker, such as Aging Benefits Advisory, and sitting down for a personal consultation so that they can give you tailored expert advice for the best result.

Contact Aging Benefits Advisory Today!

If you need help navigating the world of senior health insurance, our advisors at Aging Benefits Advisory are here to assist. Take advantage of our free consultation to ensure that you receive the plan for your budget and needs. We specialize in Medicare Advantage, Medicare Supplements, Dental, Vision, and Final Expense for the senior market of Pinellas County, Pasco County, Manatee County, Hillsborough County, Polk County, Sarasota County, Citrus County, and Marion County, Florida. If you would like a free consultation, contact us online or give us a call at 727-266-0355. For more information, follow us on Facebook, Pinterest, and YouTube.

This entry was posted on Friday, August 5th, 2022 at 4:26 pm. Responses are currently closed, but you can trackback from your own site.