their healthcare more affordable. While Medicare Supplement plans come at an additional cost, they can be beneficial in providing coverage for many of the gap costs not covered by Original Medicare. Knowing the costs of a Medicare Supplement plan is the first step to determining if this type of policy is the right fit for you.

What is Medicare Supplement Insurance?

Medicare Supplement is an insurance policy designed to supplement Original Medicare (Parts A and B). These policies are designed to provide additional coverage for the gap costs not covered by Original Medicare, including co-payments, coinsurance and deductibles. They do not, however, provide any type of prescription drug coverage and are often referred to as “Medigap” policies.

How Much Do Medicare Supplements Cost?

The cost of a Medicare Supplement plan will vary by state, the insurance company offering the plan, and the type of coverage you choose. In general, however, Medigap policies range in price from around $90 to $200 per month. As part of the plan application process, the insurance company will provide you with an estimate of the monthly premiums it would cost.



Article Created by A.I.