Original Medicare (Part A and Part B) covers a wide range of medical services, but it doesn't cover everything. Copayments, coinsurance, and deductibles can add up quickly — and there's no cap on out-of-pocket costs under Original Medicare alone. That's why millions of Americans choose Medicare Supplement Insurance, also known as Medigap.
What Is a Medicare Supplement Plan?
A Medicare Supplement plan is private insurance that works alongside your Original Medicare coverage. It helps pay for costs that Medicare doesn't fully cover, such as hospital coinsurance, skilled nursing facility costs, and in some cases, foreign travel emergency care.
How Are Plans Organized?
Medicare Supplement plans are standardized by the federal government and labeled with letters: Plan A, Plan B, Plan C, Plan D, Plan F, Plan G, Plan K, Plan L, Plan M, and Plan N. Each plan offers a different combination of benefits, but the benefits for each plan letter are the same regardless of which insurance company sells it.
Most Popular Plans
- Plan G — The most comprehensive plan available to new Medicare enrollees (after 2020). Covers almost everything except the Part B deductible.
- Plan N — Lower premiums than Plan G, but requires copays of up to $20 for office visits and $50 for emergency room visits.
- Plan K & L — Lower-cost options with partial coverage and out-of-pocket maximums.
When Can You Enroll?
The best time to enroll is during your Medigap Open Enrollment Period — the 6-month window that starts the month you turn 65 and are enrolled in Medicare Part B. During this period, insurers cannot deny coverage or charge more due to pre-existing conditions.
How Much Do They Cost?
Premiums vary based on the plan letter, your age, gender, location, and whether you smoke. Working with an independent advisor like Valorin Insurance allows you to compare rates from multiple carriers for the same plan — ensuring you get the best price.
Ready to Explore Your Options?
Our advisors specialize in Medicare Supplement plans and can help you navigate the options available in Massachusetts. Contact us for a free consultation.