Medicare secondary insurance is known as Medicare Supplement, or Medigap. These plans were made to compliment Original Medicare, Part A & Part B, it’s NOT a substitute for your Original Medicare.
What is Medicare Secondary Insurance
This supplemental insurance assists Medicare policyholders by helping to close the gap between what Original Medicare will pay and what you have to pay out of pocket. Because it’s a supplement to Medicare, you can only get a secondary insurance plan if you already have Original Medicare. Secondary insurance for Medicare is available through private insurance companies, and it only applies to Parts A (hospital insurance) and B (medical insurance.)
Thanks to the fact that these plans tend to be regulated by state and federal laws, the benefits you receive will be the same regardless of your insurer, although there will be differences in price. Another fact to know is that not all carriers will offer all 10 plans, some offer only a few of them.
What are the 10 Plans Available
Those same percentages, 50% and 75%, also apply for Plans K and L for coverage for: the first three pints of blood, Medicare Part A hospice coinsurance or co-payment, skilled nursing facility (SNF) coverage, and the Medicare Part A deductible. For these four benefits, the remaining eight plans mostly offer full coverage, with two exceptions: SNF is not covered by Plans A or B, and Medicare A deductibles are not covered by plan A, and only half covered by plan M.
Medicare Part B deductibles, on the other hand, are not as heavily covered by secondary insurance for Medicare patients. Part B deductibles are not covered at all by plans A, B, D, G, K, L, M or N, although the final two plans provide full coverage. Medicare B excess charges are likewise covered by only two of the plans, in this case Plans F and G, while the rest don’t offer coverage. Another common benefit patients look for is assistance with foreign travel emergencies.