What is Medicare Supplemental Insurance (Medigap Insurance)?

Medigap insurance (also called “Medicare Supplement Insurance”) is health insurance sold by private insurance companies to fill the “gaps” (like copayments, coinsurance, and deductibles) in Original Medicare Plan coverage. Medigap policies help pay some of the health care costs that the Original Medicare Plan doesn’t cover. If you are in the Original Medicare Plan and have a Medigap policy, then Medicare and your Medigap policy will pay both their shares of covered health care costs. A Medicare Supplemental Insurance policy helps you afford medical expenses not covered by Medicare. This additional insurance is sold by private companies and aids you in paying for needed healthcare expenses.

The benefits for Medicare Supplement Insurance Plans A through N are the same for any insurance company, but each insurance company decides which Medigap policies to sell. However, it is important to compare Medigap policies because premiums can vary from one insurance company to another. It is also important to make sure the insurance company you chose has good customer service and a history of paying medical claim on a timely basis.

Sentinel Security Life currently sells Medigap Plans A, B, C, D, F, and N in twenty-one states and has very competitive premiums. A decision is made on most applications within 10 days and more importantly, we also pay claims within ten days as well.