Medigap/ Medicare Supplements
If you are a Medicare recipient, then you’ll receive coverage for a lot of your essential health care needs. However, Medicare plans require you to pay certain costs like coinsurance, copayments and deductibles on your own. If you are looking for an affordable way to control these costs, then a Medicare Supplement plan, also known as a Medigap plan, might be the solution you need.
Bourgeois Insurance offers quality Medicare plans to subscribers throughout Louisiana, and we can help you determine which Medigap plan is best for you. All plans come in a variety of shapes and sizes, so we’ll provide the expert guidance you need to determine which supplemental plan is best for you.
To learn more about a Medigap plan or enroll in coverage, just give us a call at
or request an online quote now.
When you buy Original Medicare, you receive hospital benefits through Part A coverage and medical benefits for your everyday needs through Part B coverage.
However, Part A & Part B do not cover 100% of your health care costs, and the outstanding cost burden could get expensive over time. A Medigap plan can offer you the benefit of paying for these remaining costs. Just some of the services they might pay for include:
Part A & Part B Deductibles
Part A & Part B Coinsurance
Copayments for medical services
Foreign travel emergencies
Still, because all plans vary, it’s important to compare them to determine which one is to your greatest benefit.
Medigap plans are private insurance plans, offered by numerous major insurers. There are 10 types of plans, each with a corresponding letter designation.
Each letter plan will provide various benefits. However, you will get the same benefits within the same plan no matter where you buy your coverage. So, if you buy Plan A in New Orleans, then you will get the same benefits as someone in Lake Charles who buys Plan A.
Please note: If you are newly eligible for Medicare, then you cannot buy Plan C or Plan F. Starting in 2020, these plans are no longer sold to new enrollees. However, if you had Plan C or Plan F before 2020, then you can keep this plan.
Even if you have a Medigap plan, your Original Medicare remains your primary source of benefits. When you visit your doctor, they will bill Medicare for these services, and Medicare will pay its share of your care costs. Then, your Medigap coverage pays its share of the remaining costs. You might still receive a bill, however, unless the Medigap plan pays for 100% of your remaining cost of care.
When can I buy a Medigap plan?
To qualify for Medigap benefits, you must have Part B Original Medicare first. You also cannot participate in a Medicare Advantage plan and still get this coverage. Additionally, individuals who are less than 65 years old might not qualify for a Medigap plan, though this requirement varies.
Once you have Part B coverage and are 65 years old, you will enter your Medigap open enrollment period. This period lasts for six months, starting the first day of the month you turn 65 and have Part B. During open enrollment, you can enroll in a Medigap plan without penalties and the presence of a pre-existing condition cannot be used to deny you coverage.
If you do not enroll in a Medigap plan during this time, however, there is no guarantee that your insurer will offer you the policy you want. If they do, then your policy might cost more.