The share of fee-for-service Medicare enrollees choosing a Medicare Supplement plan rose to 41.4% in 2022, increasing for the fifth consecutive year. These are among the findings of a new AHIP report that examines trends in Medicare Supplement insurance and highlights the benefits these policies bring to 14 million seniors and people with disabilities.
AHIP is the national association whose members provide health care coverage, services, and solutions to hundreds of millions of Americans every day. They are committed to market-based solutions and public-private partnerships that make health care better and to help create a space where coverage is more affordable and accessible for everyone
For independent agents, offering Medicare Supplement (Medigap) coverage provides clients with valuable protection by covering costs that Original Medicare doesn’t, such as copayments, coinsurance, and deductibles.
Medicare Supplements offer flexibility, allowing clients to visit any doctor or hospital that accepts Medicare, making them especially appealing to seniors seeking nationwide access to healthcare providers. With predictable out-of-pocket costs, Medigap plans also offer financial stability, helping clients manage medical expenses more effectively.
As demand for comprehensive Medicare solutions grows, Medicare Supplement plans become an essential tool in an agent’s portfolio.