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Medicare Supplement

Medicare Supplement

Original Medicare provides a strong foundation, but it does not cover all healthcare expenses. MedicareSupplement Insurance, also known as Medigap, is designed to help protect you from unexpected outofpocket costs by covering expenses such as copayments, coinsurance, and deductibles.

 

Medicare Supplement Insurance

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All plans are standardized (Plan G is the same no matter which company you choose).

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Plan F is no longer available; most people select Plan G, which covers all costs after Medicare Parts A & B, except the Part B deductible ($257 in 2025).

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Plans K & L feature lower monthly premiums but include coinsurance, resulting in higher annual out-of-pocket maximums.

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Some Plans have Hospital Networks which cost less but are limited to certain hospitals.

Medicare Advantage

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Functions like an HMO: requires a primary care provider and use of in-network facilities.

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Typically offers lower premiums and often includes prescription drug coverage.

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While not offered by TDA Financial Services Insurance Program, you can find rates and information directly from BCBS at www.bcbstx.com.

Medicare Prescription Drug Coverage (Part D)

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Supplement and Part D plans may be from different companies.

  • Important: Delaying enrollment in Part D may result in higher premiums later.
  • Plan comparisons:
    • BCBSoffers solid options.
    • WellCare Wellness RX: low premiums + genericfriendly.
    • SilverScript(CVSowned): popular and widely used.
  • To compare 2026 Part D plans, visit the Medicare Plan Finder

Why Choose a Medicare Supplement Plan?

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Comprehensi vs Protection : Helps reduce financial exposure to costs not paid by Medicare.

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Nationwide Access: Receive care from any provider or hospital that accepts Medicare.

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Stability and Security : Guaranteed renewable coverage as long as premiums are paid.

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Tailored Options : Multiple standardized plans to align with your healthcare and financial priorities.

A Medicare Supplement plan provides confidence, consistency, and peace of mindso you can plan your healthcare future with certainty.

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