Optional Components of Medicare

Navigating the world of Medicare can be overwhelming. Medicare coverage leaves gaps—to bridge those, many opt for supplemental plans.

At LSI Insurance Services, LLC in Plano, TX, we specialize in helping you make the right choices for your unique needs. Contact us today for a Medigap or Medicare Advantage quote.

The Differences in Medigap and the Other Medicare Parts

Medicare has four distinct parts, including the following:

• Part A (hospital insurance)
• Part B (medical insurance)
• Part C (Medicare Advantage)
• Part D (prescription drugs)

What Is a Medicare Supplement Insurance Plan?

Also known as Medigap, Medicare supplement insurance plans are policies designed to work in tandem with Original Medicare (Part A and Part B). These plans may help cover costs that Original Medicare doesn’t pay for, like co-payments, co-insurance and yearly deductibles.

You can choose among different Medigap plans depending on the level of coverage you desire. Medigap plans have a monthly premium.

Unlike Part C (Medicare Advantage), a standalone alternative to Original Medicare, Medigap is designed to supplement Original Medicare benefits.

While Medicare Part D is specifically for prescription drug costs, standard Medigap policies sold today don’t include prescription drug coverage. You must enroll in a separate Part D plan if you want that.

Medicare Advantage plans often have network restrictions. In contrast, Medigap offers the flexibility to visit any health care provider that accepts Medicare.

Contact Us

Choosing the right Medicare supplement insurance plan doesn’t have to be confusing. LSI Insurance Services, LLC is here to guide you through the labyrinth of options. Contact us today for a personalized consultation.