This page is a curation of informational slides and videos to help explain Medicare and the process. For slides, use the arrow buttons to go back to previous slides.

IRMAA is recalculated every year, based on your most recent tax return.


Medigap:

  • Buy from a private company

  • Generally, you need Part A and Part B to buy a Medigap policy

  • Medigap policies are standardized, and in most states named by letters, like Plan G or Plan K

  • The benefits in each lettered plan are the same, no matter which insurance company sells it.

  • Price is the only difference

  • If you don’t buy a Medigap policy within 6 months of when you first get Part A and Part B, you may not be able to buy a policy or you may pay more.

  • You can’t buy a Medigap policy if you join Medicare Advantage

  • Medigap plans sold after 2005 don’t include prescription drug coverage.