Medigap Insurance Plans with DP Insurance Advisors
At DP Insurance Advisors, we’re committed to helping you understand every aspect of Medicare—especially when it comes to out-of-pocket costs that Original Medicare doesn’t cover. Medigap, also known as Medicare Supplement Insurance, is designed to fill those gaps. These policies are sold by private insurance companies and work alongside your Original Medicare coverage (Parts A and B) to help pay for things like deductibles, copayments, and coinsurance. For many people, Medigap provides peace of mind and greater financial predictability in healthcare spending. Our experienced advisors help you compare plans, explain what’s covered, and ensure you enroll at the right time to avoid penalties or delays. If you’re looking for a way to reduce your medical expenses and protect your savings, Medigap may be the perfect addition to your Medicare strategy.
Let us help you find the right Medigap plan—reach out to DP Insurance Advisors for personalized support and clear answers.
What Is Medigap & How Does It Work?
Medigap, also referred as Medicare Supplement Insurance, is a type of private insurance that supplements your Original Medicare benefits. It doesn’t replace Medicare Parts A and B—instead, it helps cover some of the costs that Medicare doesn’t pay for, such as deductibles, copayments, and coinsurance. There are multiple standardized Medigap plans, labeled Plan A through Plan N, and each offers a different combination of benefits. For example, some plans may cover foreign travel emergencies or excess charges from providers who do not accept Medicare assignment. Medigap only works with Original Medicare and cannot be used with Medicare Advantage (Part C) plans. When you receive care, Medicare pays its share of the approved amount for covered services, and your Medigap policy pays its share. DP Insurance Advisors can help you select the plan that matches your medical needs and financial goals.
Coverage Provided by Medigap Plans
The coverage you receive with a Medigap policy depends on which standardized plan you choose. While each plan offers a different level of coverage, all Medigap policies are designed to help reduce your out-of-pocket expenses after Medicare pays its portion. Most plans cover Medicare Part A coinsurance and hospital costs for an additional 365 days after Medicare benefits are exhausted. Many also cover Part B coinsurance or copayment, blood (first 3 pints), and hospice care coinsurance. Some plans may include skilled nursing facility coinsurance, foreign travel emergency care, and coverage for Medicare Part A and Part B deductibles. However, Medigap plans do not include prescription drug coverage, so you’ll need a separate Medicare Part D plan for medications. At DP Insurance Advisors, we provide a side-by-side comparison of plan benefits so you can confidently choose the one that suits you best.
Benefits of Enrolling in a Medigap Policy
Enrolling in a Medigap plan offers several important benefits that help reduce healthcare-related financial stress. Key advantages include:
- Lower out-of-pocket costs, including deductibles and copays
- Predictable healthcare spending, with fewer surprise bills
- Nationwide coverage, allowing you to see any doctor who accepts Medicare
- Guaranteed renewable coverage, even if your health changes
- Foreign travel emergency benefits, included in some plans
Medigap can provide peace of mind for those who want consistent coverage and fewer financial unknowns. At DP Insurance Advisors, we take the time to review your healthcare needs and help you choose the Medigap plan that maximizes your benefits while fitting within your budget.
Eligibility & Enrollment Requirements for Medigap
To qualify for a Medigap policy, you must be enrolled in both Medicare Part A and Part B. Most people become eligible at age 65, although some under 65 with specific disabilities may also qualify depending on state regulations. Medigap plans work only with Original Medicare—not with Medicare Advantage—so you’ll need to return to Original Medicare before enrolling.
The ideal time to sign up is during your Medicare Supplement Insurance Open Enrollment Period, which begins the month you’re both 65 or older and enrolled in Part B. This one-time, six-month window gives you the most flexibility and protection. During this period, you can choose any Medigap plan available in your area, and insurance companies cannot deny you coverage or charge higher premiums based on your health history. Unlike the annual Medicare Open Enrollment Period, your Medigap Open Enrollment Period does not repeat. Once it passes, your ability to enroll may be limited, and your premiums could be higher due to medical underwriting.
At DP Insurance Advisors, we help you make the most of this critical window—ensuring you understand your rights, avoid enrollment pitfalls, and select a plan that supports your health and financial goals for the long term.
Get the Support You Need to Make the Right Medigap Choice
Choosing the right Medigap policy is an important step in protecting your health and financial well-being as you navigate Medicare. With so many plan options, enrollment rules, and coverage details, it’s easy to feel overwhelmed—but you don’t have to figure it out alone. At DP Insurance Advisors, we simplify the process, explain your options clearly, and guide you every step of the way. Whether you’re just turning 65 or considering a change to your current coverage, we’re here to help you make a confident, informed decision.
Contact us today by calling 217.556.8521 to schedule your Medigap consultation.