The licensed agents at Bay Insurance understand the complexities of Medicare coverage and are here to help you explore your options with confidence. When you’re looking for a Medicare Supplement plan to help cover out-of-pocket costs and/or a Prescription Drug (Part D) plan to help manage medication expenses, we’ll guide you every step of the way and help you find coverage that fits your healthcare needs and budget.
When you pair a Medicare Supplement (Medigap) Plan with a Prescription Drug Plan (PDP), you get:
Medicare Supplement covers expenses like copays, deductibles, and coinsurance, to avoid unexpected medical bills.
Medicare Supplement fills the gaps in Original Medicare, while PDP ensures you have affordable access to prescription medications.
Medicare Supplement plans allow you to see any doctor or specialist who accepts Medicare – no networks, no referrals needed!
No more worrying about high medication costs or unexpected hospital bills.
As long as you pay your premium, your Medicare Supplement plan cannot be canceled, regardless of health changes.
See the FAQ below about: Florida Blue’s “65 forever” concept — as long as premiums are paid.
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Medicare Part C, or Medicare Advantage, is often structured as a Health Maintenance Organization (HMO) or a Preferred Provider Organization (PPO). Here are some of the key differences between these two options:
| Medicare Supplement (Medigap) | Medicare Advantage (Part C) | |
|---|---|---|
|
How it works |
Works with Original Medicare |
Replaces Original Medicare |
|
Monthly cost |
Higher premium |
Lower (sometimes $0) |
|
Doctor access |
Any doctor nationwide |
Network-based (HMO/PPO) |
|
Out-of-pocket costs |
Very low & predictable |
Pay as you go (copays, coinsurance) |
|
Max out-of-pocket |
No cap, but minimal costs |
Annual cap for protection |
|
Referrals |
Not required |
May be required (HMO) |
|
Travel flexibility |
Excellent (nationwide) |
Limited to local network |
|
Prescription drugs |
Separate plan needed |
Usually included |
|
Extra benefits |
None included |
Dental, vision, hearing & more |
• Supplement = More freedom, fewer surprises
• Advantage = Lower cost, more structure
Your information will be provided to a licensed insurance agent.
You may be contacted by a licensed insurance agent.
Medicare Supplement Insurance, also known as Medigap, helps cover certain out-of-pocket costs that Original Medicare alone doesn’t pay, such as deductibles, copayments, and coinsurance. These plans can help provide greater predictability in your healthcare expenses.
Medicare Prescription Drug Coverage, also known as Part D, helps pay for the cost of prescription medications. Coverage varies by plan, including which drugs are covered, pharmacy networks, and monthly premiums.
In many cases, yes. Medicare Supplement plans do not include prescription drug coverage, so beneficiaries who want help paying for medications often enroll in a separate Medicare Prescription Drug (Part D) plan.
Enrollment opportunities vary depending on your situation. You may qualify during your Initial Enrollment Period, Annual Enrollment Period, or through a Special Enrollment Period. Bay’s licensed agents can help determine which enrollment options apply to you.
Most Medicare Supplement premiums increase as you age. With Florida Blue’s Same Age Forever program, your premium is locked in based on your enrollment age, protecting you from age-related rate increases. This can make it easier to plan for future healthcare expenses and provides greater long-term peace of mind. Premiums may still change due to overall healthcare costs or inflation, but never simply because you’ve had another birthday.
Plans can typically be changed during Medicare’s Annual Enrollment Period. Medicare Supplement plan changes may be available throughout the year, although eligibility and underwriting requirements may apply in some situations. Contact your agent when you have questions!
Medicare Supplement plans help cover eligible medical expenses under Original Medicare, while Prescription Drug Plans help cover medication costs. Together, they can provide more comprehensive coverage and help reduce out-of-pocket healthcare expenses.
Bay’s licensed agents consider your doctors, prescriptions, and your unique health needs, including chronic conditions, to find plans that provide the right coverage and value.
Clients Served
You don’t have to live near a Bay Office to work with a Bay agent.
