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Medicare Supplement Plan
Original Medicare (Parts A and B) covers many essential healthcare services, but it doesn’t pay for everything. That’s where a Medicare Supplement Plan can help.
What is a Medicare Supplement Plan?
A Medicare Supplement Plan is additional coverage offered by private insurance companies to help pay for out-of-pocket costs that Original Medicare doesn’t cover—such as
copayments, coinsurance, and deductibles. It works
with your Medicare coverage, not in place of it.
Why Consider a Supplement Plan?
Lower Out-of-Pocket Costs: Helps cover costs that would otherwise come out of your pocket.
Freedom to Choose Providers: Visit any doctor or specialist nationwide who accepts Medicare—no networks required. More Predictable Healthcare Expenses:
Easier budgeting with fewer surprise medical bills.
Standardized Options: Plans are labeled with letters (such as Plan G or Plan N) and offer consistent coverage regardless of the insurance provider.
A Few Things to Keep in Mind:
Prescription drugs are not included: If you need medication coverage, you’ll want to add a separate Medicare Part D plan.
You must have Medicare Parts A and B to enroll in a Supplement Plan.
Enrollment is easiest during your initial 6-month window after enrolling in Medicare Part B, when you can qualify with no health questions.
Frequently Asked Questions
Do I need both Medicare Part A and Part B?
Yes—if you want full coverage for both hospital (Part A) and medical services (Part B). Most people get both when they turn 65 to avoid late penalties and gaps in coverage.
When can I enroll in Medicare?
Your Initial Enrollment Period is a 7-month window: 3 months before, the month of, and 3 months after your 65th birthday. You can also enroll later, but you may face penalties or limited options.
Does Medicare cover prescription drugs automatically?
Not with Original Medicare (Parts A and B). You’ll need to enroll in Part D for drug coverage, or choose a Medicare Advantage Plan that includes it.
How much does Medicare cost each month?
Part A is usually free for most people. Part B has a monthly premium (the standard amount can change yearly), and you may pay additional premiums for Part D, Supplement, or Advantage Plans depending on what you choose
Will Medicare cover all of my healthcare costs?
No—Medicare does not cover 100% of healthcare costs. You’ll still be responsible for deductibles, copays, and coinsurance. That’s why many people choose a Supplement Plan or a Medicare Advantage Plan to help with those costs.
Is dental, vision, or hearing covered by Medicare?
Original Medicare doesn’t cover routine dental, vision, or hearing services. Many Medicare Advantage Plans include these benefits.
Luma Insurances is not affiliated with or endorsed by the United States government or the federal Medicare program. We do not offer every plan available in your area. Any information we provide is limited to the plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all your options.
Luma Insurances is not affiliated with or endorsed by the United States government or the federal Medicare program. We do not offer every plan available in your area. Any information we provide is limited to the plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all your options.