A Medicare Supplement, commonly known as a Medigap policy, is an insurance product designed to help cover the "gaps" in Original Medicare. Sold by private insurance companies, these policies assist in paying for out-of-pocket costs associated with covered healthcare services and supplies that Original Medicare does not fully cover. While Original Medicare provides substantial coverage, it does not encompass all expenses, leaving beneficiaries responsible for certain costs.

Medigap policies can help pay for various expenses, including copayments, coinsurance, and deductibles. Additionally, some Medigap plans may cover benefits that Original Medicare does not, such as emergency foreign travel expenses. However, it's important to note that Medigap policies do not cover your share of costs under other types of health coverage, including Medicare Advantage Plans, standalone Medicare Part D drug plans, employer or union group health plans, Medicaid, or TRICARE.

When you have Original Medicare alongside a Medigap policy, Medicare will first pay its share of the Medicare-approved amounts for covered healthcare services. Following this, your Medigap policy will cover its designated share of the costs. It's essential to understand that Medicare does not cover the costs associated with purchasing a Medigap policy.

Medigap policies differ from Medicare Advantage Plans; the latter serves as an alternative way to receive your Part A and Part B benefits, while Medigap policies are specifically designed to cover costs that Original Medicare does not. Insurance companies generally cannot sell you a Medigap policy if you are enrolled in a Medicare Advantage Plan or Medicaid.

All Medigap policies must adhere to federal and state regulations aimed at protecting consumers. These policies must be clearly labeled as “Medicare Supplement Insurance.” In most states, Medigap policies are standardized and are designated by letters (Plans A–N). Each standardized Medigap policy under the same letter must provide the same essential benefits, regardless of the insurance company offering it.

At Dillon Insurance Solutions LLC, we are committed to providing our clients with the best options for Medicare Supplement (Medigap) policies. We have established contracts with leading private insurance companies, allowing us to present multiple offers tailored to your specific needs. Our knowledgeable team will work closely with you to compare different Medigap plans and companies, ensuring you find the coverage that not only provides the best rates but also aligns perfectly with your healthcare requirements. With our expertise, you can make an informed decision and secure the Medigap policy that best fits your unique situation.