Medicare Supplementary 

What is a Medicare Supplement “MEDIGAP”?

Medicare Supplement Insurance MEDIGAP policies are a common choice by Medicare customers to help pay some of the remaining health care costs not covered by a basic Medicare Plan, at Mecrol Insurances we represent the leading Medicare Supplement carriers in terms of enrollment. With many years of experience in the Medicare market, We provide you with the latest Medicare quoting and enrollment technology tools that give us access to a detailed side-by-side cost and feature comparison of Medicare Supplement with Medicare Advantage, Part D, and other products.

Our experiment agents will assist you in the complex world of Medicare supplemental plans. Medicare Supplement Insurance MEDIGAP is extra insurance you can buy from a private insurance company to help pay your share of out-of-pocket costs in Original Medicare. You can only buy MEDIGAP if you have Original Medicare. Generally, that means you have to sign up for Medicare Part A (Hospital Insurance) and Part B (Medical Insurance) before you can buy a MEDIGAP policy. You get a 6-month MEDIGAP Open Enrollment” period, which starts the first month you have Medicare Part B and you’re 65 or older. During this time, you can enroll in any MEDIGAP policy and the insurance company can’t deny you coverage due to pre-existing health problems. After this period, you may not be able to buy a MEDIGAP policy, or it may cost more. Your MEDIGAP Open Enrollment Period is a one-time enrollment. It doesn’t repeat every year, like the Medicare Open Enrollment Period.

All MEDIGAP policies are standardized. This means policies with the same letter offer the same basic benefits no matter where you live or which insurance company you buy the policy from. There are 10 different types of MEDIGAP plans offered in most states, which are named by letters: A-D, F, G, and K-N. Price is the only difference between plans with the same letter that are sold by different insurance companies.

What else should I know about these lettered plans?

In some states, you may be able to buy another type of MEDIGAP policy called Medicare SELECT. If you buy a Medicare SELECT policy, you have the right to change your mind within 12 months and switch to a standard MEDIGAP policy.

Important: In Massachusetts, Minnesota, and Wisconsin, MEDIGAP policies are standardized differently.

In some states, you may be able to buy another type of MEDIGAP policy called Medicare SELECT. If you buy a Medicare SELECT policy, you have the right to change your mind within 12 months and switch to a standardized MEDIGAP policy.

Every MEDIGAP policy must follow federal and state laws designed to protect you. It’s important to watch out for illegal practices by insurance companies and protect yourself when you are shopping for a MEDIGAP policy.

During the first six months that you have Medicare Part B and are 65 or older, you have a MEDIGAP Open Enrollment” period. This means you can enroll in any MEDIGAP policy, and the insurance company can’t refuse you coverage because of a pre-existing health condition. After this period, you may not be able to buy a MEDIGAP policy, or it may cost more. Keep in mind that the MEDIGAP Open Enrollment Period is a one-time opportunity – it doesn’t happen every year like the Medicare Open Enrollment Period or Medicare Advantage Enrollment Period.