How Do Medicare Supplements Work?
Medicare Supplement Plans in New Jersey
Also known as Medigap, Medicare Supplement plans help to pay for your Medicare expenses. Things Supplements pay for include deductibles, co-pays as well as co-insurance.
Since Medicare only covers 80% of Part B expenses, many folks choose to add Medicare Supplemental Insurance in order to cover the 20% that isn’t covered by Medicare.
Some advantages of a Medicare Supplement policy are things like choosing your own doctors or hospitals, nationwide coverage, and no referrals are required before you can see a specialist.
Why Choose a Medicare Supplement?
Some folks are surprised to find out that their Medicare coverage only covers up to 80% of their Part B costs. Part B costs are things like doctor’s visits, ambulance transport, and other outpatient services. So it is easy to see how these costs can add up quickly. The 20% you have to pay can very easily be a very large number, and one that most people don’t budget for.
People that don’t want to be on the hook for this 20% can choose supplemental insurance to cover them in case they have to pay this extra amount. For many people, this extra peace of mind is worth it.
There are many good reasons to choose a Medicare Supplement plan to add on and fill the gaps in your Medicare coverage, such as:
- You have the freedom to choose your own doctors/hospitals
- You can plan for your out-of-pocket expenses for covered services
- Nationwide Coverage
- You don't need a referral to see a specialist
- You will never be dropped, or have your coverage change because of a new health condition
- Automatic claims paperwork
Plans That Aren't Medigap
- Advantage Plans
- Prescription Drug Plans
- Medicaid
- Veterans' Benefits
- Long-term care insurance
Things Not Covered by Medigap
- Long-term care
- Vision or Dental Care
- Hearing Aids
- Eyeglasses
- Private-duty nursing
Other things you should know about Medicare Supplement plans in New Jersey
Most importantly, Medigap coverage isn’t meant to be the only coverage you have. You must have Part A and Part B (Original Medicare) before you can apply for supplemental plans.
Also, you should know plans are standardized between insurance companies. The same Plan F sold by one company will cover the SAME EXACT THINGS as the Plan F sold by another insurance company. However, the price may vary. Once you know what plan you want, it is best to shop around for the best price.
Medicare Supplements (Medigap) only cover one person. When you get a Medigap plan, you are only getting coverage for yourself!
Finally, any Part D (Drug Coverage) you have is totally separate to your Medicare Supplement plan. This means, you can shop around for the best Part D coverage, and the best Supplemental insurance prices! Alicia's Insurance Services Boutique, LLC, a New Jersey Medicare Supplement broker, can help you shop around and find the best fit for you.
If you ever need help finding your best options for your situation – contact Alicia's Insurance Services Boutique, LLC. Our job is to help you navigate the Medicare process and get you the best bang for your buck. And the best thing is – this service is always completely free. You’ll never pay a dime to have Alicia's Insurance Services Boutique, LLC help you at any point in the process.
Sign up for our Newsletter
Once or twice per week we deliver Medicare tips straight to your email inbox. Try it, we think you'll like it!
By providing the information (above/below) I understand that Alicia Kurz, may contact me regarding Medicare Advantage Plans, Prescription Drug Plans, and Medicare Supplement Plans.
*Not connected with or endorsed by the United States government or the federal Medicare program.
Have a Medicare Question?
Alicia's Insurance Services Boutique, LLC
ph: (609) 916-8844
*Calling the number above will direct the caller to a licensed agent.
e: alicia.insuranceservices@gmail.com
a: Blackwood, NJ
Serving the entirety of NJ
Medicare has neither reviewed nor endorsed this information.
Not connected with or endorsed by the United States government or the federal Medicare program.
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 your options.
By providing your name and contact information you are consenting to receive calls, text messages and/or emails from Alicia Kurz at Alicia's Insurance Services Boutique, LLC, a licensed insurance agent, about Medicare Plans at the number provided, and you agree such calls and/or text messages may use an auto-dialer or robocall, even if you are on a government do-not- call registry. This agreement is not a condition of enrollment.
This is a solicitation of insurance. Your response may generate communication from Alicia Kurz, a licensed insurance agent.
*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 your options.