What Are
Medicare supplements?

Malhotra & Assoc. Insurance Has You Covered

Medicare Supplements

We’re here to provide you with the knowledge, care, and solutions you need to make the most of your Medicare coverage. Medicare helps you pay all of your health care costs, but it doesn’t pay 100% of your costs. You need these services to stay healthy, but sometimes the out-of-pocket costs of health care can be overwhelming, even with Medicare benefits. 

If this is the case for you, you’re probably looking for a way to lower your out-of-pocket health care costs. Malhotra & Assoc. Insurance suggests you try investing in a Medicare Supplement Insurance plan. We’ve learned that these plans can prove essential in helping Medicare beneficiaries optimize their coverage and minimize their overall costs. 

If you’re curious about Medicare Supplement Insurance, which is also called Medigap, continue reading. 

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'Medicare supplement" and "Medigap" are the same type of health insurance Plan.

What Is Medigap?

Medigap is a helpful form of supplemental insurance that Original Medicare beneficiaries can purchase. These plans are sold by private insurance companies, but they are standardized under the Medicare program. The plans are designed to help Medicare beneficiaries pay for out-of-pocket costs like coinsurance, excess charges, and deductibles. 

The benefits offered under each plan varies, but all plans are standardized. There are ten plans available. 

Who Needs Medicare Supplements?

Medicare Supplement Insurance is best for people who want to lower their out-of-pocket medical costs, in exchange for making monthly payments to a Medigap plan. This arrangement can often result in significant savings, especially if you rely heavily on your Medicare benefits during a given benefits period. Therefore, Medigap plans suit almost everyone.

Medigap Benefits

Every Medigap plan varies, but there are some common benefits that are featured in every plan. These are the benefits that are offered in every plan:

  • Covered Part B Coinsurance or Copayments
  • Covered Part A Hospice Care Coinsurance or Copayments
  • Covered 3 Pints of Blood 
  • Covered Part A Coinsurance 
  • Covered Part A Hospital Costs


These benefits are featured in every plan, including the most basic plans available through Medigap. If you want more benefits, you can buy a more extensive plan. For example, Plan F, the most comprehensive option, covers deductibles, skilled nursing facility coinsurance, and all Part B excess charges. 

When to Buy Medigap

You can purchase a Medigap plan at any time of the year, but that doesn’t mean you should wait until the last minute to purchase coverage. As soon as you become eligible for Medicare benefits, your Medigap Open Enrollment Period begins. During this time, you cannot be denied coverage due to your health condition and all plan providers must accept you at the lowest available rate. 

This can set you up for massive long-term savings, so don’t miss out on the opportunity. Get started with Medigap as soon as you enroll in Original Medicare. 

Start Comparing Medigap Plans

Medigap plans have a lot of benefits that you need to understand before purchasing one. The knowledgeable agents at Malhotra & Assoc. Insurance can help you identify which plan fits your long-term needs best. Contact us today to receive a free quote!

Contact Us Today for a Medicare Quote

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