Medicare Supplement Insurance
What is a Medicare Supplement Insurance Policy?
Get a FREE quote using the form below or call us at (563) 323-9233.
A Medicare Supplement policy (also known as “Medigap”) is health insurance sold by private insurance companies to fill the "gaps" in Original Medicare Plan coverage. Medigap policies help pay some of the health care expenses that the Original Medicare Plan doesn't cover. If you are in the Original Medicare Plan and have a Medigap policy, then Medicare and your Medigap policy will both pay their shares of covered health care cost.
Insurance companies can only sell you a standardized Medigap policy. Medigap policies are required to have specific benefits, making them easy to compare.
You can choose from 12 different standardized Medigap policies (Medigap Plans A through L.) Medigap policies must follow Federal and State laws. These laws are there to protect you. A Medigap policy must be clearly identified on the cover as "Medicare Supplement Insurance." Each plan, A through L, has a different set of basic and extra benefits.
Though the Medigap plan benefits and coverages will be consistent from one insurance company to the next, it is important to compare Medigap policies because cost can vary.
Why Consider Changing Your Medicare Supplement Policy?
ABSOLUTELY NO CHANGE IN INSURANCE BENEFITS.
PRE-EXISTING CONDITIONS ARE NOT AN ISSUE.
NO WAITING PERIODS.
YOU CAN KEEP THE SAME PLAN YOU HAVE NOW.
NO MEDICAL EXAM REQUIRED.
What is a Medicare Advantage plan?
Medicare Advantage Plans are health plan options (like HMO’s and PPO’s) approved by Medicare and run by private companies. These plans are part of the Medicare Program and are referred to as, “Part C” or “MA plans”. Medicare pays the private insurance company to manage and pay an insured’s medical claims on their behalf. All private Medicare Advantage Plans must cover at least the same medically-necessary services as covered by Original Medicare. However, Medicare Advantage Plans do not have to match the coverage of a Medicare Supplement. Advantage Plans can charge co-pays, coinsurance, and deductibles for medical services.
Overview of Medicare Advantage plans:
- Plans cost from $0 to $115.00 per month based on the plan you choose.
- They offer prescription benefits and health insurance on one card.
- Dental, Hearing, Vision, and Wellness Programs can be included.
- All plans have either a PPO, HMO, or PFFS network set by the insurance company.
- Most plans have Co-Pays, Deductibles, and Coinsurance.
At Nelson Brothers Agency, our friendly, knowledgeable insurance brokers can help navigate the options of Medicare Supplement Insurance. Get a FREE quote using the form below or call us at (563) 323-9233.
Our Medicare Supplement carriers include
- Mutual Of Omaha
- Blue Cross Blue Shield of Illinois
- Shenandoah Life
- And many more…
Our Medicare Advantage Carriers include
- United Healthcare
- And more…
submissions or payments made via this website do not constitute a
binding agreement to your policy or coverages. Changes and
payments to policies are not effective or binding until you, or any
party involved, receive official notice from either your insurance agent,
or your insurance company. If you have any questions, please feel free to
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