Medicare Supplement

Medicare Supplement Plans in Lafayette, Indiana

Turning 65 or retiring brings a lot of Medicare decisions. Lafayette Insurance helps people in Lafayette, West Lafayette and across Tippecanoe County understand their options and compare Medicare Supplement (Medigap) plans from multiple insurance companies, at no cost to you.

What a Medicare Supplement does

Original Medicare, Parts A and B, covers a lot, but it leaves gaps: deductibles, copays and the 20% coinsurance under Part B, which has no yearly out-of-pocket limit. A Medicare Supplement plan helps pay those costs, so your expenses are more predictable. You can see any doctor or hospital in the country that accepts Medicare, and you don’t need referrals.

Plans are standardized, and prices are not

Medigap plans are labeled with letters, such as Plan G and Plan N. The benefits for each letter are set by federal rules and are the same no matter which company sells it. Premiums, however, can vary quite a bit between companies for the exact same plan. That’s why comparing companies matters, and why working with an independent agent pays off.

• Plan G is one of the most popular choices for people new to Medicare. After the Part B deductible, it covers the remaining gaps in Original Medicare.
• Plan N usually has a lower premium in exchange for small copays at some office and emergency room visits.
• Plans C and F aren’t available to people who became eligible for Medicare on or after January 1, 2020.

Timing matters: your open enrollment window

Your Medigap open enrollment period lasts six months, starting the month you’re 65 or older and enrolled in Medicare Part B. During that window, companies can’t deny you or charge more because of your health. After it ends, you may have to answer health questions to switch plans. Planning ahead can save you money and stress.

Medigap, Part D and Medicare Advantage

Medicare Supplement plans don’t include prescription drug coverage, which is purchased separately through a Part D plan. Medicare Advantage is a different path that replaces Original Medicare with a private plan, and it can’t be combined with a Medigap policy. We’ll help you understand the differences.

Medicare Supplement FAQs

Can I change plans later?
You can apply to switch at any time, but outside your open enrollment period, approval may depend on your health.

Does it cost more to use an agent?
No. Medigap premiums are the same whether you buy directly from the company or through our agency.

Call 765-474-2300 to compare Medicare Supplement plans.