These are plans offered through private insurance companies. They help fill the gaps in Original Medicare (Parts A and B). These plans may pay for some or all of the costs of deductibles, copays, and coinsurance.
- You pay two monthly premiums-one for your plan and one for your Medicare Part B coverage.
- These are standardized plans approved by Medicare. Each insurance company chooses how many plans it will offer.
- Depending on the plan you choose, you will have little to no out-of-pocket costs for Medicare-covered services.
- There is no provider network, and you do not need referrals to see specialists. You can go anywhere Medicare is accepted.
- Medicare Supplement plans do not include prescription drug coverage. You must purchase a Part D drug plan separately.