Medicare Plan D, also called Medigap Plan D, provides you with plenty of coverage that Original Medicare does not pay for. Medicare Part A and Part B leave you responsible for many out-of-pocket costs, and a Supplement Plan such as Plan D helps you cover most of those costs.
Medigap Plan D covers many of the costs that Original Medicare leaves you with. The only payments that you would be responsible for are your Medicare Part B deductible and your Part B excess charges. Excess charges are a charge of up to 15% beyond what Medicare allows. However, what is most important is that Plan D covers the 20% of outpatient services that Part B does not cover.
It may be easy to confused Medicare Plan D with Medicare Part D, or even think they are the same thing. However, Medicare Plan D is one of the Medicare Supplement plans available to cover the gaps in Original Medicare. Medicare Part D is the prescription drug benefit available as an option to all Medicare beneficiaries.
Rates vary largely based on location, age, gender, tobacco use, and other information. Costs also can vary between insurance providers. You should also consider comparing the rates of Plan F and G, because you may find that the savings are not worth the financial responsibility of the Part B deductible and excess charges.
We are Independent Medicare Insurance Agents who Help Seniors Clarify Their Medicare Goals and Get a Great Deal on Coverage While Providing High-Quality Customer Service:
Did you know…
People turning 65 can get Medicare coverage from over 30+ companies with no health questions?
Here’s how it works
When someone turns 65 or enrolls in Medicare Part B for the first time (whichever comes later) they become eligible for the Medicare Initial Open Enrollment Period.
The signup period begins 3-6 months before starting Part B (age 65 for most) and continues for 3-6 months after Part B starts.
This means that any and all Medicare Supplement plans must accept you regardless of previous health status.
Medicare Supplement Plan benefits are standardized, the only difference is PRICE!
Insurance companies offer the same plan letters (A,B,C,D,F,G,K,L,M, or N) and the benefits with each company compare apples-to-apples…
Medicare Supplement (otherwise known as Medigap) plans are renewable for life. No requirement to change each year.
All standard Medicare Supplement plans are accepted by any doctor that accepts Medicare NATIONWIDE
Medicare Advantage and Part D plans have Annual Enrollment periods and change yearly.
Let us show you how to compare plans and take the headache out of getting set up in one easy step!