Medigap plans are generally labeled by letters, but their availability can vary by state. In most states, insurers follow a standardized format, but Massachusetts, Minnesota, and Wisconsin have different Medigap structures.

When choosing a Medigap policy, it’s important to know that:

• Insurance companies are not required to offer every Medigap plan.

• If they offer any Medigap plan, they must provide at least Plan A.

• They must also offer either Plan C or Plan F to individuals eligible for Medicare before January 1, 2020, but who have not yet enrolled.

• Those who became eligible for Medicare on or after January 1, 2020, cannot purchase Plan C or Plan F but can choose Plan D or Plan G instead.

A Medigap policy helps pay for out-of-pocket costs after Medicare covers its portion. However, before the policy starts covering expenses, you must meet the deductible unless you have a plan that includes deductible coverage. Medigap does not replace Medicare; instead, it supplements your existing benefits, helping reduce your overall healthcare expenses.

Since there are multiple Medigap options, comparing plans is crucial to finding the right coverage. Licensed insurance agents can help explain the differences and assist you in selecting the best plan for your healthcare and budget needs.