2022 Best Medicare Supplement/Medigap Plans

Today, we’re going to take a look at Medicare Supplements, also known as Medigap plans, and go through how to figure out which is best for you in 2022.

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Medicare Supplements are much older than Medicare Advantage Plans and Medicare Part D plans and have different rules and laws governing them.

If you have a Medicare Supplement, you don’t need to worry about network changes every year because if you have a standard Medicare Supplement, there are no networks.

You can see any medical provider who accepts Medicare. This makes Medicare Supplements popular with people who don’t want their choice of doctors restricted by an insurance plan.

You also don’t have to worry about benefit changes. Insurance companies can’t make any changes to Medicare Supplement benefits. These plans are standardized by law, so the only time benefits change is when a new law changes Medicare Supplements across all companies.

There’s no need to take time to compare Medicare Supplements during the Annual Enrollment Period between October 15 and December 7 because Medicare Supplements are not affected at all by the Annual Enrollment Period.

They are month to month contracts that you can change any time during the year.

The rules for changing Medicare Supplements do vary from state to state and can depend on your health and how long you’ve been on Medicare.

If you are beyond your first six months on Medicare Part B and don’t have a guaranteed issue right, you will have to answer health questions and go through underwriting to be able to purchase a new policy. For most people, that isn’t a barrier to changing.

Medicare Supplements, or Medigap plans, describe what they do right in their names. They are supplemental insurance plans that fill in the gaps that would otherwise be your out-of-pocket costs in Original Medicare, Parts A and B.

Medicare Parts A and B are your primary insurance coverage. If you have a covered medical expense, Medicare pays its responsibility first, then your Medicare Supplement pays based on its benefits.

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0:00 Intro
0:24 How Medicare Supplements Work
1:40 How to Change Medicare Supplements
2:24 Medicare Supplement Coverage Explained
4:33 Best Medicare Supplement Plans for 2022
4:48 Plan G
7:03 High Deductible Plan G
9:12 Plan N
13:51 Comparison Shopping
14:26 Have Questions? We Can Help!