Yes, there are some limits on Medicare Supplemental Insurance (Medigap) depending on the plan option and may vary by State. Medicare Supplemental Insurance is also know as a Medigap policy. Supplemental Medicare Insurance (Medigap) policies are sold by private insurance companies.
Changes to plan options K and L of the Medicare Supplemental Insurance (Medigap) went into affect June 1, 2010. There are now two additional plan options offered, plans M and N. Additionally, there were changes to Medicare Supplemental Insurance (Medigap) plan options D and G and plan options E, H, I and J will not available after May 31, 2010. Patients that purchased plans E,H I and J prior to the changes are not affected and can continue on these plans. Please refer to www.medicare.gov/Publications/Pubs/pdf/02110.pdf for more detailed information on the various Medicare Supplemental Insurance (Medigap) plans and the changes that took affect June 1, 2010. The link also include a Medicare Supplement Insurance Premium Comparison Guide and shows the limits for each plan.
There are 10 different Medicare Supplement Insurance (Medigap) policies, the plans range from A to N. The 12 Medicare Supplemental Insurance (Medigap) policies are indentical regardless of which private insurance company you choose to purchase your plan from. However, the premium payments for the same Medicare Supplemental Insurance (Medigap) coverage may vary greatly by private insurance companies.
Medicare Part A – Hospital Insurance
Medicare Part B – Medical Insurance
Medicare Part C – Medicare Advantage Plans (Similar to an HMO or PPO)
Medicare Part D – Medicare Prescription Drug Coverage
Please be sure to research the various pricing plans offered by the private insurance companies to ensure you are getting the best premium payments.