How to Compare Medigap Policies Side by Side

Medicare Supplement Insurance (or Medigap) helps fill in the gaps in Original Medicare. It is sold by private insurance companies and ranges in price depending on how much coverage you need. Original Medicare pays for much of your healthcare services and supplies, but it doesn’t pay for everything. 

Unfortunately, medical care is expensive, and what Medicare doesn’t cover can get out of hand quickly. This is why most people benefit from supplemental insurance. But how can you compare these policies to ensure you are getting the right coverage for your needs? 

Side-by-Side Comparison of Medigap Plans 
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Here is a breakdown of Medigap plans. This is not a complete comparison, but it does give you an idea of what additional expenses will be covered.

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Things to Know about Medigap Plans 

To be eligible for Medigap, you must have Medicare Parts A and B. You can buy one of these policies from a private insurance company licensed in your state. It’s helpful to work with a financial planner in New Jersey who can help you pick the best plan for your needs and budget. 

Once you purchase a supplemental plan, you will pay the insurance company a monthly premium, in addition to paying the premium for Part B. Additionally, keep in mind that a Medigap policy only covers one person. If your spouse wants this coverage, they will need their own policy. 

Find Your Medigap Plan Today 
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If you’re ready to find a supplemental insurance plan, contact Leonard Financial Solutions today. As an independent financial advisor in NJ, we can find you the best policies and rates in your area. You’ve worked hard and paid your dues, so you deserve to get the high quality medical care you need to live a long and healthy life! With the right Medigap plan, you will!