by Russell Noga | Updated October 2nd, 2024
For individuals who receive their health insurance benefits through Original Medicare and need assistance paying for the out-of-pocket expenses that aren’t covered by Medicare Part A and Medicare Part B, Medicare Supplement Insurance can be a real game changer.
Also referred to as Medigap, this insurance fills in the gaps in Original Medicare, making health insurance more affordable and easier to manage.
Medicare Supplement Insurance plans are sold by private insurance companies, and there are several options to choose from, including Continental Life. If you’re considering purchasing a Medigap plan, it’s essential that you choose the right insurance company.
If Continental Life is one of the insurers you’re thinking about using, keep on reading to learn some vital information about the company and the policies it offers before you proceed.
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Medicare Supplement Insurance Explained
Medicare, a health insurance program that is sponsored by the United States federal government, consists of several parts. Together, Part A and Part B make up Original Medicare.
Medicare Part A covers the expenses that are related to inpatient medical care and services, like hospital stays and hospice care, and Part B covers the costs that are associated with outpatient medical care and services, like doctor visits and durable medical equipment.
Though Original Medicare does cover a lot, it doesn’t cover everything, and beneficiaries are responsible for making up the difference.
For many, the out-of-pocket expenses that are associated with Original Medicare can be costly and can result in financial hardship; Medicare Supplement Insurance, also known as Medigap, can be a real lifesaver.
This insurance is designed to supplement Original Medicare by covering the costs that Medicare Part A and Medicare Part B don’t cover; copays, coinsurance, and deductibles, for example.
There are 10 separate Medigap plans, which are named for letters (Plans A through N), and each lettered plan covers different expenses; but, all plans that are the same letter must offer the same standard benefits.
When you receive medical care, after the costs that are covered by Medicare Part A and Medicare Part B are deducted from your bill, Medicare Supplement Insurance will kick in and cover the expenses for the benefits it provides.
Medigap plans are sold by private insurance companies, like Continental Life.
About Continental Life
Founded in 1983 and headquartered in Brentwood, Tennessee, Continental Life Insurance Company provides a variety of insurance products.
The company’s primary offering is life insurance; however, it also offers Medicare Supplement Insurance plans. A subsidiary of Aetna, one of the largest health insurance companies in the United States, Continental Life was acquired by Aetna in 2012.
The insurer specializes in providing insurance policies that are designed to help policyholders plan for their futures, including their finances and their health. Continental Life has an A (Excellent) rating from AM Best, which indicates that it is financially sound.
It also has an A+ rating from the Better Business Bureau (BBB), which confirms that the company offers outstanding products and customer service.
About Continental Life Medicare Supplement Insurance
Continental Life offers several Medigap plans that can help you cover the cost of copays, coinsurance, deductibles, and other out-of-pocket expenses that aren’t covered by Original Medicare. When you purchase a Medicare Supplement Insurance plan from Continental Life, you’ll be able to take advantage of the following perks:
- Guaranteed rates for a 12-month period
- A 30-day “free look period”
- The ability to see any healthcare professional or use any hospital that accepts Medicare
- Guaranteed lifetime renewable coverage
- Household discounts
- A simple application process
- Quick approval and issuance
- Fair and affordable rates
- Impeccable customer service
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What Medicare Supplement Plans Does Continental Life Offer?
There are a total of 10 Medicare Supplement Insurance policies, and Continental Life offers all plans. It’s important to note, however, that availability and eligibility can vary.
Of the 10 policies Continental Life offers, the following plans are the most popular:
Medigap Plan F. Of all the Medicare Supplement Insurance policies, Plan F is the most popular. That’s because it offers the most complete coverage, as it covers most of the out-of-pocket expenses that Original Medicare doesn’t pay for. Benefits include:- Part A coinsurance and hospital expenses
- Part B coinsurance or copayment
- Part A deductible
- Part B deductible
- Part A hospice care coinsurance or copayment
- Part B excess charges
- Coinsurance for skilled nursing facility care
- First three pints of blood required for blood transfusions
- Emergency medical care while traveling abroad
It’s important to note that as of January 1, 2020, Plan F cannot be sold to new Medicare enrollees; in other words, anyone who became eligible for Medicare after this date.
- Medigap Plan G. Medigap Plan G is the second most popular Medicare Supplement Insurance policy. It’s considered a replacement for Plan G, as all beneficiaries can purchase this policy, including new enrollees. Additionally, Plan G offers the same benefits as Plan F, except the Part B deductible. In 2024, the cost of the Part B deductible was $240. And in 2025 it will be $257.
- Medigap Plan N. Plan N is another very popular Medicare Supplement Insurance policy. It’s a great value, as the monthly premiums are lower; however, in exchange, for lower premiums, you’ll have to cover the copays, which can cost up to $20 per office visit and up to $50 per emergency room visit. You’ll also need to cover the Part B excess charges.
When to Apply for Continental Life Medicare Supplement Insurance
As with any Medicare Supplement Insurance plan, as long as you’re enrolled in both parts of Original Medicare, you can purchase Medigap insurance through Continental Life at any time.
The ideal time to enroll, however, is during the Medigap Open Enrollment period. During this period, which starts on the first day of the month you turn 65 and lasts for 6 months, your application will not be subjected to medical underwriting. As such, acceptance is guaranteed and your premiums will be lower.
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Frequently Asked Questions
What is Continental Life Medicare Supplement?
Contact Us for a Free Consultation on Medigap Plans
If you have questions about Medicare Supplement plans, call our team at 1-888-891-0229. We offer professional advice on Medigap policies.
Our fully licensed agents offer free consultations to give you all the information you need about Medigap.
Russell Noga is the CEO and Medicare editor of Medisupps.com. His 15 years of experience in the Medicare insurance market includes being a licensed Medicare insurance broker in all 50 states. He is frequently featured as a featured as a keynote Medicare event speaker, has authored hundreds of Medicare content pages, and hosts the very popular Medisupps.com Medicare Youtube channel. His expertise includes Medicare, Medigap insurance, Medicare Advantage plans, and Medicare Part D.