NJ Supplement (Medigap) Plans

Medicare Supplement ( Medigap) plans are health plans offered by private insurance companies and standardized by the Federal Government. They are designed fill in some or all of the “gaps” not covered under Original Medicare. Medicare Supplement Plans do not include Prescription Drug coverage. When you enroll in a Medicare Supplement Plan, you use your Medicare Supplement and your Medicare card for services.

Medicare Supplement Plans allow you to budget your total health care costs. Dependant on the plan you choose, virtually all of your healthcare costs can be covered by the insurer. For example, you suffer a serious illness or accident requiring a five day hospital stay and your total healthcare bill is $100,000. After a $1,100 Part A deductible and $155.00 Part B deductible, Original Medicare would pay 80% of the Medicare approved amount and you are responsible for the remaining 20%. Depending on which New Jersey Medicare Supplement plan you select, all these expenses could be paid in full.

All Medicare Supplement Plans are standardized by the Federal Government. (See the chart below). This means every company offering Medicare Supplement plans in New Jersey is offering IDENTICAL coverage but every company offering Medicare Supplement plans in New Jersey is charging a DIFFERENT PREMIUM. The cost between identical plans can be over $1,000 a year. This illustrates the importance of comparing companies and plans.

If you would like to receive a Medicare Supplement quote for the plans available in New Jersey click here or call us at 1-856 904-5644.

Click here to view our Medicare plan benefit chart.