Supplementing Medicare With Medigap Plans

Some Medigap Plans may include benefits for services that Medicare doesn’t pay for, such as emergency medical costs incurred while traveling outside the U.S. or excess charges when seeing provider who does not accept Medicare assignment. A Medigap policy is guaranteed to be renewable as long as the premium is paid. It cannot be cancelled because of a person’s health condition or for any reason other than non-payment of the premium. By law, companies can offer only 10 modernized Medigap benefit packages, referred to as plans A through N (plans A, B, C, D, F, G, K, L, M and N. Plans E, H, I and J are no longer sold as of June 1, 2010, but if you have one of these plans you can use your benefits as you pay the premium.)

A standardized plan means that the benefits are the same regardless of which company sells it. For example, Medigap Plan F has the same benefits no matter which company you buy it from. A high deductible rider can also be sold with Plan F, which means that the policy will pay only after you have met the annual deductible. Once the deductible is met, the plan pays its benefits for the rest of that year. The annual deductible increases in August each year.

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