Medicare Supplement

Medicare Supplement Insurance, commonly known as Medigap, serves as a crucial bridge for individuals seeking to enhance their Original Medicare coverage and gain greater predictability over their healthcare costs. While Original Medicare (Parts A and B) provides fundamental hospital and medical insurance, it doesn’t cover everything, leaving beneficiaries responsible for deductibles, copayments, and coinsurance. This is where Medigap plans, offered by private insurance companies, step in. Divine By His Destiny, led by Corie Clements, specializes in helping clients navigate the various Medigap plan options, ensuring they choose coverage that provides financial security and peace of mind, complementing their Original Medicare benefits perfectly.

The fundamental purpose of a Medigap policy is to pay for some or all of the “gaps” in Original Medicare coverage. These gaps can include the Part A hospital deductible, Part B medical deductible (for plans available prior to 2020), Part A and Part B coinsurance, and even emergency healthcare costs when traveling outside the U.S. Unlike Medicare Advantage plans, Medigap policies work in conjunction with Original Medicare, meaning Medicare pays its share first, and then your Medigap policy pays its share. This structure allows beneficiaries to retain the flexibility of Original Medicare – the freedom to choose any doctor, hospital, or specialist nationwide that accepts Medicare, without network restrictions or referrals. This freedom is a significant appeal for many, and Divine By His Destiny helps clients weigh this benefit against other Medicare options.

There are ten standardized Medigap plans, identified by letters A through D, F, G, K, L, M, and N (Plans C and F are only available to those eligible for Medicare before January 1, 2020). Each lettered plan offers a different set of standardized benefits, meaning a Plan G from one insurance company offers the exact same benefits as a Plan G from another company. The only difference will be the premium charged by each insurer. This standardization is a key advantage, making it easier to compare policies once you understand what each plan covers. Divine By His Destiny excels at explaining these standardized benefits in detail. For example, Plan G is very popular because it covers all of Original Medicare’s gaps except for the Part B deductible. We clarify these nuances, helping you understand precisely what each plan covers and what costs you might still be responsible for, ensuring there are no surprises.

The cost of Medigap plans primarily consists of a monthly premium paid to the private insurance company. These premiums can vary significantly based on factors such as the insurance company, the specific plan letter you choose, your age, where you live, and the rating method used by the insurer (community-rated, issue-age-rated, or attained-age-rated). Divine By His Destiny provides transparent quotes from multiple reputable carriers for the exact same Medigap plan, allowing you to compare premiums and find the most competitive rate for the comprehensive coverage you desire. Corie Clements and her team break down the different rating methods and their potential impact on your premiums over time, empowering you with long-term financial foresight.
Enrolling in a Medigap policy is a critical decision, especially regarding the “Medigap Open Enrollment Period.” This period lasts for six months, beginning the month you turn 65 and are enrolled in Medicare Part B. During this time, you have a guaranteed right to buy any Medigap policy offered in your state, regardless of your health status. Insurance companies cannot deny you coverage or charge you more due to pre-existing conditions. If you miss this crucial window, you may be subject to medical underwriting, meaning insurers can deny you coverage or charge higher premiums based on your health. Divine By His Destiny proactively educates clients about this vital enrollment period, ensuring they understand the importance of making an informed decision within this timeframe to secure the best possible rates and coverage. We guide you through the application process efficiently, preventing costly delays or missed opportunities.

The benefits of a Medigap policy extend to enhanced financial predictability and broader access to care. With a Medigap plan, your out-of-pocket costs for Medicare-approved services are significantly reduced, often to just the monthly premium and, for most plans, the Part B deductible. This predictability makes budgeting for healthcare much easier. Furthermore, because Medigap plans work with Original Medicare, you retain the freedom to choose any doctor or hospital nationwide that accepts Medicare, without network restrictions, referrals, or prior authorizations for covered services – a stark contrast to many Medicare Advantage plans. This is particularly appealing for those who travel frequently or wish to retain access to specific specialists.
Divine By His Destiny’s commitment to our clients in the realm of Medicare Supplement insurance is unwavering. We act as your trusted advisor, providing unbiased expertise to help you evaluate whether a Medigap plan is the right choice for your healthcare philosophy and financial goals. Corie Clements and her team simplify the comparison process, clarify the benefits of each standardized plan, and ensure you enroll during the most advantageous period. Our goal is to empower you with a Medigap policy that provides robust coverage, predictable costs, and the ultimate peace of mind that your healthcare needs are well protected.