FAQs
Medicare Supplement insurance, commonly known as Medigap, is coverage offered by private insurance companies to help pay for costs not fully covered by Original Medicare, such as deductibles, copayments, and coinsurance. While insurers set their own premiums, the benefits for each plan type are standardized by the federal government.
Medigap plans are designed to help cover out-of-pocket costs associated with Medicare Parts A and B, including hospital deductibles, skilled nursing coinsurance, and certain copayments. Coverage varies by plan type.
Medigap costs depend on the plan you choose, your location, age, and the insurance carrier. Since benefits are standardized, pricing is often the biggest difference between providers. Cornerstone Senior Hub can help compare plans from multiple carriers to find the most competitive premium for your needs.
Medigap may be a good option for individuals who want predictable healthcare costs and fewer out-of-pocket expenses. Its especially helpful for those who prefer seeing providers nationwide without network restrictions.
There are 10 standardized Medigap plans available in most states, labeled Plans A through N. Each plan offers a different level of coverage, allowing you to choose one that fits your healthcare and budget needs.
No. You cannot be enrolled in a Medicare Advantage plan and a Medigap plan simultaneously. Medigap works alongside Original Medicare, while Medicare Advantage replaces it.
The best time to enroll is during your Medigap Open Enrollment Period, which begins when youre 65 or older and enrolled in Medicare Part B. During this time, you can enroll without medical underwriting.
No. Medigap plans do not include prescription drug coverage. If you want help covering medications, youll need to enroll in a separate Medicare Part D plan.
Yes. Medigap plans generally allow you to see any doctor or hospital nationwide that accepts Medicare, without needing referrals or staying within a network.
No. Medigap plan benefits remain the same as long as you keep your policy. However, premiums may increase over time depending on the insurer and pricing method.
Cornerstone Senior Hub works with a wide range of insurance carriers to compare Medigap plans, explain your options clearly, and help you enroll in coverage that fits your healthcare needs and budget.