Medicare Supplement (also known as Medigap)

This describes individuals who have Original Medicare (Part A and Part B) plus a Medicare Supplement (Medigap) policy.

⦁ Medigap policies help cover the remaining 20% of healthcare costs that Medicare does not pay.
⦁ Medicare pays first, and then the Medigap policy pays secondary expenses like deductibles, copayments, and coinsurance.

Learn more at: /medigap

Medicare Advantage Plan (also known as Part C),

A Medicare Advantage Plan combines your Medicare Part A, Part B, and often Part D (Prescription Drug Coverage) into one convenient plan.

⦁ Offered by private companies approved by Medicare, these plans must provide at least the same coverage as Original Medicare.
⦁ Many Medicare Advantage plans also offer extra benefits not covered by Original Medicare, such as dental, vision, or fitness programs.

Learn more at: /medicare-part-c

Company-Sponsored Medicare Plan

This category refers to Medicare insurance provided by a current or former employer (including a spouse’s employer). It includes:
⦁ Corporate retiree plans

⦁ Union retiree plans

⦁ Military plans like TRICARE for Life

⦁ Medicare plans for federal, state, or municipal retirees

Important to know:

⦁ These plans may act as secondary insurance to Medicare or be structured as a Medicare Advantage plan.

⦁ Employer-sponsored Medicare plans often have higher premiums compared to similar plans available to the general public.

⦁ Carefully review your options before cancelling employer coverage — many employers do not allow retirees to re-enroll after cancelling.

Medicare and Medicaid (Dual-Eligible)

Dual-eligible individuals qualify for both Medicare and Medicaid benefits.

⦁ Medicare acts as the primary insurance, and Medicaid acts as the secondary insurance.

⦁ Eligibility for Medicaid is based on state-specific income requirements in addition to Medicare eligibility.

Learn more at: /medicare-vs-medicaid