Medicare Supplement plans cover some of the healthcare costs Original Medicare leaves behind. These plans fill your coverage gaps, including copayments, deductibles, and coinsurance. As a result, when you have a Medicare Supplement (Medigap) plan, you will have little-to-no out-of-pocket costs for Medicare-covered services and equipment.
Medicare coverage starts based on when you sign up and which sign-up period you’re in.
Generally, when you turn 65. This is called your Initial Enrollment Period. It lasts for 7 months, starting 3 months before you turn 65, and ending 3 months after the month you turn 65.
When choosing a Medicare Supplement plan, it is essential to be informed about your options. An uninformed choice could lead to future financial woes and roadblocks between you and the best coverage for your needs.