Medicare Supplement plans are also known as Medigap plans. Having a Medicare supplement plan
means you have Original Medicare as your primary health coverage and you have purchased the
supplement plan offered by private insurance companies to cover the gaps that original Medicare
does not cover.
With this option you are able to see any provider that accepts Medicare, regardless of the company
you decide to go with. Know that you will have access to all the Medicare providers nationwide.
Medicare supplement plans give you the most freedom. Consumers on a Medicare supplement plan
do not need referrals to see specialist and see any doctor that takes Medicare in the country.
Because this option gives you the most freedom there is an additional cost, so aside from your Part B
premium you will also have a premium for your Medicare supplement plan. Depending on the
Medicare supplement plan you choose and the area you reside the premiums vary it could be
anywhere from $60.00 – $300.00 a month for a consumer turning 65 in 2022.
If you enroll into a Medicare supplement plan during your one-time open enrollment period which is
6 months of your part B effective date, the insurance company cannot deny your application.
When choosing the Medicare Supplement options keep in mind this does not include prescription
drug coverage also known as Part D. If you would like to enroll in a prescription drug coverage you
would need to enroll in a stand-alone part D plan. They start at around $10.00 a month. If you
decide to delay in enrollment in a part D plan and do not have creditable coverage, you might be
required to pay a late enrollment penalty when you enroll in the future.
Medicare Advantage Plans / Part C
Medicare Advantage plans are also known as Part C. These plans are offered by Medicare-approved
private companies. These plans offer the same coverage as Medicare Part A and Part B, plus some
plans may offer additional benefits like Dental coverage, vision coverage, hearing coverage, Gym
Membership, transportation, prescription Drug coverage (Part D) at no additional cost. There are
many kinds of Medicare Advantage plans such as HMO’s, PPO’s, PFFS and SNP (Special Needs plan).
Many Medicare Advantage plans are $0.00 premium; however, these plans typically have copays.
Keep in mind you still have to pay your part B premium, so a consumer needs to be enrolled in Part A
and Part B to be eligible for a Medicare Advantage Plan.
If you decide to go with a Medicare Advantage plan you will follow a network of providers. HMO
being the most limited network and most plans requiring referrals to see specialist, PPOs allow you
to go out of network for a higher cost and no referrals needed to see a specialist, PFFS plan very in
network size and no referral needed to see a specialist.
If you would like to learn more about which options is best for you, contact United Insurance Experts
and speak with a licensed professional today.
QUESTIONS? 561-464-2273 or contact us online ( link to app)
***This website and its contents are for informational purposes only and is not a substitute for legal,
financial, professional, or medical advice or diagnosis or treatment.
Contact may be made by an insurance agent/producer or insurance company. United Insurance
Experts is not connected with or endorsed by the U.S. government or the federal Medicare program.
We offer plans from a number of insurance companies.
For a complete list of available plans please contact 1-800-MEDICARE (TTY users should call 1-877-
486-2048), 24 hours a day/7 day a week or consult www.medicare.gov.