National Insurance Benefit Coordinators, Inc.
615 W 29th Street North Little Rock, Arkansas 72114
(501) 372-4800

elderly man at the doctor reviewing paperwork

Medicare Supplement Insurance

Both Medicare Part A and B may not cover all the expenses you need when seeking medical care. Medicare Supplement insurance, also known as Medigap, covers some of these otherwise uncovered expenses. Medigap insurance helps to fill the “gap” left by Medicare. Medicare supplement isn’t designed to replace Medicare, but it supplements Medicare by covering copayments, deductibles, coinsurance, and more. These plans are standardized by the same agency that oversees Medicare but are sold by private insurance companies.

Selecting a Medicare Supplement Plan

Medicare Supplement Plan F is a popular comprehensive Medicare Supplement Insurance Plan. This plan covers the Medicare Part A and Part B deductibles, as well as the 20% coinsurance original Medicare does not pay. Medicare recipients who want the most coverage purchase Medicare Supplement Plan F because it offers the most comprehensive coverage. Keep in mind this supplemental insurance plan is standardized by the Center for Medicare Services, which means all insurance companies who offer supplemental insurance must offer the same exact benefits.

woman talking with her doctor

What You Should Know About Medicare Supplement Insurance

  • Medigap policies typically don’t cover long-term care, vision, dental, hearing aids, eyeglasses, or private nursing.
  • You must have Medicare Part A and Part B. If you have a Medicare Advantage Plan, you can apply for a Medigap policy, but ensure you have a valid disenrollment from the Medicare Advantage Plan before your Medigap policy begins.
  • You pay your private insurance company for the Medigap policy in addition to what you pay Medicare for your monthly premium.
  • Medigap only covers one individual. You and your spouse will have to purchase separate Medigap policies.
  • Medigap policies don’t cover prescription drugs. You will need prescription drug coverage, you can join Medicare Prescription Drug Plan (Part D).

Get A Free Insurance Quote!

If you have any questions regarding insurance options for yourself, your loved ones, or your employees give us a call today, or contact us to receive a free insurance quote!

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 or 1-800-MEDICARE to get information on all of your options.