Medicare provides a vital service to millions of senior citizens, but it doesn't cover all the costs of medical treatment and any uncovered costs are your personal responsibility. For many seniors, these uncovered expenses could prove to be a tremendous financial hardship.
Medicare Supplement Insurance, also known as Medigap insurance is privately owned health insurance designed to supplement Medicare. It helps pay some of the health care costs, or "gaps", that Medicare doesn't cover - like deductibles, copayments and coinsurance.
There are eleven plans, A through N, with benefits mandated by the state and Federal law. While each company must offer the same basic benefits, the rates will differ between companies.
Frequently Asked Questions
What is a Medicare Supplement?
Medicare Supplement insurance is a supplemental insurance product designed to help pay for medical expenses not covered by Medicare. Medicare Supplement insurance plans are standardized by most states so that all insurance companies will have the same basic benefits for each category of plans. There are eleven standardized plans (A through N) and each plan comes with different rates and benefits. If you’d like details about the plans, a friendly Standard Life and Accident or American National Life Insurance Company of Texas agent can help answer your questions. Contact us.