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MEDICARE SUPPLEMENT BASICS

Medicare is the federal health insurance program for individuals age 65 and older, certain younger people with disabilities, including End-Stage Renal Disease.

Sometimes referred to as Medigap, Medicare Supplement is an individual health insurance policy sold by private insurance companies. Medicare Supplement insurance may help fill in the gaps and provide the coverage Medicare doesn’t.

ELIGIBILITY

You can purchase a Medicare Supplement insurance policy if you:

  • Are age 65 or older or, in some states, under age 65 and disabled or suffering from End-Stage Renal Disease;
  • Have Medicare Parts A and B; and
  • Are not enrolled in a Medicare Advantage Plan.
  • Applicants outside of open enrollment are subject to underwriting.

COVERAGE

Medicare Supplement insurance includes standardized plans, regulated by the government, that are designed to provide additional medical coverage for expenses not covered by Medicare, such as coinsurance, copayments, and deductibles.

PLAN BENEFITS MEDICARE SUPPLEMENT PLANS
A B C D F* G N
Part A coinsurance and hospital costs (up to an additional 365 days after Medicare benefits are used up)
Part B coinsurance or copayment ✓**
Blood (first 3 pints)
Part A hospice care coinsurance or copayment
Skilled nursing facility care coinsurance    
Part A deductible  
Part B deductible          
Part B excess charge          
Foreign travel exchange (up to plan limits)     80% 80% 80% 80% 80%

*Plan F also offers a high-deductible plan. If you choose this option, this means you must pay for Medicare-covered costs up to the deductible amount of $2,200 in 2017 before your Medicare Supplement plan pays anything.
**Plan N pays 100% of the Part B coinsurance, except for a copayment of up to $20 for some office visits and up to a $50 copayment for emergency room visits that don't result in inpatient admission.

Source: Medicare.gov. https://www.medicare.gov/supplement-other-insurance/compare-medigap/compare-medigap.html

REASONS TO PURCHASE

💰 Value

41% of U.S. adults are concerned about being able to afford medical costs for normal healthcare.*
You don’t have to be one of them. Medicare Supplement insurance can be a valuable solution for your healthcare needs.

☂ Protection

Your Medicare plan only pays a share of your medical expenses; the rest comes straight out of your pocket, and there’s no limit. Medicare Supplement can be an excellent way to reduce your out-of-pocket expenses and provide added protection.

✈ Freedom

Medicare Supplement insurance policies give you the freedom to choose your healthcare provider. You can receive services from any provider whom accepts Medicare. Your policy is also guaranteed renewable; as long as you continue to pay the premium, it cannot be terminated.

*Source: Gallup, Inc., American’s Specific Financial Worries Poll, April 2017. (Based on survey of 1,019 U.S. adults, aged 18 and older). http://www.gallup.com/poll/210890/americans-financial-anxieties-ease-2017.aspx.

ADDITIONAL INFORMATION


Click the image below to access the Medicare Supplement Consumer Buyers' Guide.

Choosing a Medigap Policy: A Guide to Health Insurance for People with Medicare


Contact Information

AMERICO FINANCIAL LIFE AND ANNUITY INSURANCE COMPANY
📞 888.220.7074
medsup@americo.com
🏠 300 W. 11th Street, Kansas City, MO 64105

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