Medigap Plan D

Through Medicare Supplement Insurance plans, millions of Medicare beneficiaries have lowered their out-of-pocket health care costs. These plans, which are often called Medigap plans, are used to fill the gaps that are left behind by Medicare. Rather than paying expensive out-of-pocket costs yourself, you can have an insurance company pay them for you. This makes managing your benefits and receiving treatment much simpler, saving you time and money.

There are ten different Medigap plans available, one of which is Plan D. This plan isn’t exactly comprehensive, but it offers far more than basic benefits.

If you are considering purchasing Medigap Plan D, here are the facts about this plan.

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What Is Medigap?

Medigap plans pay for out-of-pocket expenses that aren’t covered by Medicare. These plans only help pay for services that have been approved by Medicare, so they won’t work with out-of-network providers.

Through these plans, a portion of your medical costs can be covered by an insurance company. In exchange for these benefits, you must pay a monthly premium. Premiums vary across plans, though all plans are standardized. That means you can expect to receive the same benefits from any Medigap plan offered across the country.

How Does Medigap Work?

When you enroll in a Medigap plan, you agree to pay a monthly premium in exchange for assistance paying your out-of-pocket health care costs. Anyone who is above age 65 and enrolled in Original Medicare can purchase a Medigap plan. In some cases, people below age 65 may be able to purchase some Medigap plans as well.

When you enroll in Medigap, you may be subject to medical underwriting processes. This isn’t always the case, though. If you choose to enroll during the Medigap Open Enrollment Period, no underwriting is required. If you’re wondering, the Medigap Open Enrollment Period begins as soon as your Part B benefits take effect for the first time. The period lasts for a total of 6 months, giving you plenty of time to purchase a plan.

If you wait to enroll, you may be subject to underwriting, which can lead to higher costs or denial of coverage in some cases.

Medigap Plan D Coverage

Medigap plan D is a mid-tier Medigap plan. It offers useful benefits but doesn’t cover certain costs like the Part B deductible or Part B excess charges. 

Here are the costs that are covered by Medigap Plan D:

  • Medicare Part A Coinsurance and Hospital Costs
  • Medicare Part B Coinsurance and Copayments
  • First 3 Pints of Blood
  • Part A Hospice Care Coinsurance and Copayments
  • Skilled Nursing Facility Coinsurance
  • Medicare Part A Deductibles
  • Foreign Travel Emergency (Up to 80%)

Part D Is Not Plan D

You may have seen Medicare Part D as well. It’s important that you understand the difference between Medicare Part D and Medigap Plan D. While Medigap Plan D is a Medicare Supplement Insurance Plan, Medicare Part D is the prescription drug coverage portion of the Medicare program. The two plans are not directly related, although you can hold both forms of coverage at the same time.

Medigap Plan D Costs

The cost of Medigap coverage varies. Therefore, the best way to learn how much coverage will cost is to work with an insurance agent to gather quotes. The talented agents at Elite Medicare Advisors are ready to help you start the search. To begin collecting quotes, give us a call at 1-800-327-5579.

FREE Evaluation of your current plan in less than 5 minutes

FREE Evaluation of your current plan in less than 5 minutes