Medicare Supplement

Senior Market Advisors is a Medicare Supplement FMO

Senior Market Advisors offers top-tier commissions, a diversified product portfolio, eContracting capabilities with leading Medicare Supplement carriers, product insight & training, and more.

The way we do business is fundamentally different. Senior Market Advisors takes an unbiased approach to medicare supplement sales and we encourage agent engagement with our sales and marketing staff. SMA works hard to provide you with the best sales tools and practices to grow your agency. We know how because we’ve been in your shoes.

What is Medicare Supplement Insurance?

Medicare Supplement Insurance also known as Medigap Plans are different from  Medicare Advantage Plans. These plans are ways to receive Medicare benefits, while a Medicare Supplement policy only supplements your Original Medicare benefits. Hence the name, Medicare Supplements.

These Medigap plans are sold by private companies that can help pay some of the health care costs that Original Medicare doesn’t cover.

Examples of things that Original Medicare doesn’t cover, according to, include co-payments, co-insurance, and deductibles. The costs associated with these Medigap Plans include a higher monthly premium.

Some Medigap Plans also offer coverage for services that Original Medicare doesn’t cover, like medical care while traveling outside the United States of America.

Medicare Supplement Carriers

Mutual of Omaha
Guarantee Trust Life GTL logo | Senior Market Advisors
Cigna logo | Senior Market Advisors
Medico Insurance Company logo | Senior Market Advisors
Bankers Fidelity logo | Senior Market Advisors
The Manhattan Life Insurance Company logo | Senior Market Advisors

Medicare Supplement Fundamentals

  • Don’t cover everything
  • As a general rule, don’t cover long-term care
  • Generally don’t cover vision nor eyeglasses
  • Generally don’t cover private-duty nursing; dental-care nor hearing-aids

Medicare Supplement Guidelines

  • A client must have Medicare Part A and Part B.
  • It is illegal to sell to a client a Medigap Policy if they have a Medicare Medical Savings Account (MSA) Plan.
  • If a client has Medicare Advantage Plan, they can apply for a Medigap Policy, but must leave the Medicare Advantage Policy prior to the Medigap Policy becoming effective.
  • The client’s Medigap policy is guaranteed renewable even if they have health problems. The insurance company can not cancel the Medigap policy as long a premiums are paid.
  • The client will pay two separate premiums, one for the Medigap policy as well as the monthly Part B premium paid to Medicare.
  • The client’s Medigap policy will only cover one person. Spouses must purchase a Medigap policy separately.
  • For other rules and regulations regarding Medigap Policies refer to

What's Not a Medigap Plan?

Examples of plans that are not Medicare Supplement (Medigap) Plans include the following:

  • Medicare Advantage Plans (ie. HMO, PPO etc)
  • Medicare Prescription Drug Plans
  • Medicaid
  • Employer or union plans
  • Veterans’ benefits
  • Long-term care insurance policies
  • For a complete list of insurance plans that don’t qualify, refer to

Related Medicare Supplement Resources