Supplemental insurance exists to cover some of the costs that can come from health insurance. While health insurance can significantly reduce medical bills, it’s not without costs of its own. Deductibles, coinsurance and premiums can all add up, so supplemental insurance exists to cover some of those expenses.

Medigap is supplemental insurance for Medicare. There are ten different policies, each with the purpose of saving beneficiaries money. Medigap works differently from Medicare, though it will cover some of the additional costs that Medicare can bring. While Medigap and Medicare policies work together to save money, enrolling in one policy will not impact the other.

Why buy Medigap?

While not everyone should buy a Medigap policy, it’s a good choice for most.  Medigap can greatly reduce medical bills and provide financial relief in the case of a medical event.  Those that are worried about paying their Medicare bills should consider purchasing Medigap and gaining access to a wide variety of new coverage.

Insurance is all about preparing for the future.  Purchasing insurance is a decision made in the present that can greatly impact the future.  Purchasing insurance is taking the next step towards financial proficiency and protecting yourself in case of an emergency in the future.  Medical care is expensive, so purchasing Medigap is one of the best ways to make sure you’re not overwhelmed by potential bills.

Purchasing a policy

Unlike Original Medicare, Medigap is sold through private insurance agencies.  Agencies can sell some, or all, of the Medigap policies. Medigap plans are standardized, which means that various plans will provide the same benefits regardless of which agency they are purchased from.

Medigap coverage

While Medigap will provide more coverage, beneficiaries do not have access to any new benefits.  This means that their coverage will now extend to more costs, but there are not new areas of medical care within their policy.  A Medicare policy will stay the same, regardless of Medigap enrollment.

Within the ten different Medigap policies is a wide amount of coverage.  Some policies include an out-of-pocket limit, which allows beneficiaries to know the maximum that they could spend within a year.  Each policy has its own features that make it a competitive option.

Selecting the right policy

Choosing the right Medigap policy can be a complicated process.  It’s important to examine your past Medicare bills and pinpoint which areas you’ve spent more on.  It may be possible to select a Medigap plan that provides coverage for this area, which will prevent heightened spending in the future.


When selecting a Medigap policy, make sure to research and learn about the ten different options available.  While there are many similarities between plans, there are also some key differences that can have large financial impacts.  


Taking the time to learn about Medigap and select the right policy means prioritizing your supplemental coverage and saving money in the future.  Don’t hesitate to give me a call at (413) 665-8324.  I’m here to answer all your questions and provide you with the answers you need to make an informed decision about your Medigap enrollment.


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