What kind of Medicare Supplement Plan do you need?

People (like us) throw around the term “Medicare Supplement Plan” a lot… but what does it mean?

A Medicare Supplement Plan fills in some or all of the coverage gaps in Medicare Part A and Part B, which are what you can think of as standard Medicare.

Standard Medicare doesn’t cover everything – there are certain out-of-pocket expenses and deductibles you’d have to pay for yourself if something happened.

What kind of Medicare Supplement do you need?

While private insurance companies offer Medicare Supplement plans, the government has standardized supplemental policies across the board. (Most things related to Medicare are regulated pretty heavily by the government.) So each Medicare Supplement plan is labeled by a letter — Plan A, Plan B… Plan F… etc.

So Plan F (by far the most popular) is the exact same thing no matter what company you buy it from. The only real difference is going to be price. (That doesn’t mean cheapest is better… but that’s a discussion we’ll save for another article).

Plan F is the most popular Medicare supplement plan because it fills in all the gaps in Medicare Part A and B, leaving you with essentially no out-of-pocket costs at all. It makes things simple and worry-free. In fact, the vast majority of people who buy Medicare Supplement plans have Plan F.

But Plan F costs more than other Medicare Supplement plans, so you may want to explore other options (like Plan G, which we think is a pretty good option for lots of people).

How to Buy a Medicare Supplement Plan

We work with large, reputable insurance companies who sell Medicare Supplement plans in South Carolina, Georgia, and surrounding states. We’ll be happy to answer your questions and help you enroll in the plan that’s right for you.

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