What Are Medicare Supplements?

​A Medicare supplement plan (also referred to as Medigap), is additional coverage on your existing Medicare plan that covers costs which your Medicare Part A and B do not. Medicare does not cover 100% of medical costs, and paying the extra out-of-pocket expenses associated with medical events can be financially devastating. This is where Medicare Supplements come in to cover those extra costs.
 
A Medicare Supplement plan will cover all co-insurance costs for your Medicare Part A and will also provide coverage for Medicare Part B. Some examples of the out-of-pocket costs that Medicare Supplement plans cover are deductibles, co-pays, outpatient procedures, or hospital costs that you may still be responsible for after your Medicare plan has paid out what it can.
 
These Medicare Supplement plans are offered by private insurance companies who are licensed through Medicare. Medicare requires that all coverage be standardized – the only differences appear in the price of the premiums – our Medicare office in Grand Junction, CO is here to help you choose the correct plan!

Want Information on Medicare?

Call our office Today at
970-236-7770!

Benefits Of Medicare Supplement Plans & Plan Types

As mentioned above, though Medicare covers most medical costs, the remaining amounts you may be responsible for paying have the potential to be overwhelming. Choosing a Medicare Supplement plan in addition to your Medicare Parts A and B will give you peace of mind that your expenses for medical events you may experience will be covered.
 
Using Medicare Supplements gives you the freedom to choose your own healthcare providers and hospitals and gives you the reassurance that you know exactly what is covered in your Medicare healthcare plan. This knowledge gives you the comfort of being able to plan for your expenses when dealing with your medical situations.

Medicare Supplement Plan A

• This basic plan covers the 20% of out-of-pocket costs that you would be responsible for with your Medicare plan
• Covers Medicare Part A coinsurance for a hospital stay for up to 365 days beyond what Medicare will cover
• Covers Medicare Part B copayments or coinsurance
• Will cover the first three pints of blood used in a medical procedure, which is usually a cost that you would be responsible for under your Medicare plan
• Covers Medicare Part A hospice care copayment or coinsurance

Medicare Supplement Plan C

• This plan covers all items that Medicare Supplement Plan A covers
• Covers Medicare Part A and B deductibles
• Covers skilled nursing coinsurance
• Covers foreign travel emergencies

Medicare Supplement Plan B

• This plan covers all items that Medicare Supplement Plan A covers
• Also covers your Medicare Part A hospital deductible – due to the fact that this is not an annual deductible, you may end up paying it multiple times a year, if you experience multiple hospital stays

Medicare Supplement Plan D

• This plan covers all items that Medicare Supplement Plan A covers
•  Covers skilled nursing coinsurance
• Covers Part A dedutible
• Covers 80% of foreign travel emergency costs within the plan’s limits
• IMPORTANT TO NOTE: This plan is different from Medicare Part D – this supplement plan is NOT a plan that covers prescription drugs

Need a Medicare Quote?

Call our office Today at
970-236-7770!

Medicare Supplement Plan F

Medicare Supplement Plan L

• This plan covers 100% of out-of-pocket costs associated with medical events

• This plan also features an out-of-pocket limit which is lower than Medicare Supplement Plan K’s limit
• This plan also covers 75% of the following:
  • Medicare Part A deductible
  • Medicare Part A hospice coinsurance or copayment
  • Medicare Part B coinsurance or copayment
  • Skilled nursing coinsurance
  • First three pints of blood

Medicare Supplement Plan G

Medicare Supplement Plan M

• The only out-of-pocket expense NOT covered by this plan is Medicare Part B’s deductible

• This plan features a lower premium in exchange for you partially paying more out-of-pocket expense
• Medicare Part A hospital and coinsurance for up to a year after Medicare insurance benefits have been exceeded
• Medicare Part A hospice coinsurance or copayment
• Medicare Part B coinsurance or copayment Skilled nursing coinsurance
• 50% of Medicare Part A deductible
• 80% of approved costs of foreign travel emergency

Medicare Supplement Plan K

Medicare Supplement Plan N

• This plan features an annual out-of-pocket limit – therefore, once you exceed the out-of-pocket limit provided by this plan, Medicare will cover 100% of additional costs for the rest of the year​
• This plan also covers 50% of the following expenses left over from Medicare
  • Medicare Part A deductible
  • Medicare Part A hospice coinsurance or copayment
  • Skilled nursing coinsurance
  • Medicare Part B coinsurance or copayment
  • First three pints of blood

• This plan’s premium is kept lower because of your responsibility for paying out-of-pocket costs on Medicare Part B’s deductible, excess charges, and some copayments for doctor’s office and emergency room visits
• Medicare Part A hospital and coinsurance for up to a year after Medicare insurance benefits have been exceeded
• Medicare Part A hospice coinsurance or copayment
• Medicare Part A deductible
• Skilled nursing coinsurance
• First three pints of blood
• 80% of approved costs of foreign travel emergency
• NOTE: With this plan, you will be responsible for paying a small copayment for some doctor’s visits and for emergency room visits during which you are not admitted as an inpatient under the Medicare Part B coinsurance and copayments

Let Us Help!

The world of Medicare Supplement plans can be complex – let us at Senior Medicare Grand Junction help you to navigate it and choose the supplement plan that fits your needs and budget. The beauty of working with us is that we are local agents who have knowledge of local providers as well as the ability to work directly with you either in person or over the phone in order to choose the right plan for you based on your needs within the coverage options. We are available to answer any questions you may have regarding which supplement plan would be right for you!

We Offer All Medicare Plans

Call our office Today at
970-236-7770!

Terms of Service
Disclaimer
Privacy Policy

​Not affiliated with or endorsed by the government or federal Medicare program. By providing your information in the above form, you grant permission for a licensed insurance agent to contact you in regards to your Medicare options which includes Medicare Supplement, Medicare Advantage, and prescription drug plans. We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all of your options.