Medicare Supplement – Indiana
Get a Medicare Supplement plan (a.k.a. Medigap) from Lafayette Insurance
Medicare supplement insurance is an insurance plan to help cover the gaps in Medicare parts A and B. Basic Medicare consists of Part A, which is your basic hospital coverage… and Part B which provides coverage for basic medical expenses. Both of these parts only pay a portion of actual costs leaving you with an out of pocket expense. A Medicare Supplement plan is designed to help cover if not fully cover this gap depending on the chosen plan.
If you currently have Medicare coverage, you are eligible to purchase a Medicare Supplement subject to underwriting. If you recently turned 65 or within six months of initially getting Medicare Part B, you are guaranteed acceptance.
We have access to over thirty, top-rated companies that provide multiple Medicare Supplement plans so we can shop for and find the best rate. Whether you obtain your plan from Mutual of Omaha, Erie Insurance, or United Health Care, the selected plan is universal and would be identical with all companies. We can assist you in finding a competitive rate with a financially strong company.
Prefer to talk? Call or text 765-474-2300.
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.
A Medicare Supplement agent for West Lafayette
We help people in West Lafayette, Lafayette and the small towns of Tippecanoe County compare Medigap plans and time their enrollment around their Part B start date. You can meet with us at our Lafayette office or handle everything by phone and email.
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.
Our process
Compare Quotes from Lafayette Insurance
01. Provide Details
Tell us a little bit about what you are wanting to insure.
02. Discuss Coverages
We educate you on insurance coverages relevant to you.
03. Compare Quotes
We shop multiple companies to find the best rates and protection.
04. Pick Your Policy
Choose the insurance plan that works best for your individual needs.
Lafayette Insurance Reviews
What our Clients Say
★★★★★
Joe and his staff are top notch. I never worry if I have an issue involving insurance. They are there to help make the experience worry free and professional. It’s worth your time to give Lafayette Insurance a call.
Stacey Minier
★★★★★
Tremendous support from Joe Couch. He was readily-accessible, diligent, and a tremendous help through the process of switching policies. Would recommend to everyone.
Daniel Layman
★★★★★
Joe Sr. and Jr. are both professional and do the very best they can to get you the best deal possible. They have reached out to me to let me know of opportunities to decrease my rates before my terms were up so I could plan accordingly. They always answer when I text or call with a problem. Can’t say enough good things about this company or the people running it!
Jon Chapin
★★★★★
Very professional and responsive. After calling several agencies in the area, our quote was 15% lower than anywhere else!
Devon Moore
★★★★★
Joe Jr. looks out for you. Initially he had me with one insurance agency. 1 year in and upon finding a new deal, he contacted me, helped me save some money, and found a more reliant insurance company for my family’s vehicles. He is personable and offers good advice without trying to overexert influence. I have not had to deal with a wreck yet and working through a claim, but I will update this post if it happens.
Isaac Schumacher
★★★★★
They are very nice and will find the best deal for you. They also follow up with you in the future to better you in better insurance for less.
Jasen Shaver