A Supplement Medicare insurance plan (also called “Medigap”) is private health insurance
designed to supplement Medicare original plans. This means it helps pay some of the
health care costs that original Medicare doesn’t cover such as co-payments, co-insurance
Every supplement Medicare insurance plan must follow federal and state laws designed
to protect you. Supplement Medicare plan insurance companies can only sell you a
“modernized” supplement Medicare insurance plans from A through N. Each modernized
supplement Medicare insurance plan must offer the same basic benefits, no matter
which insurance company sells it.
Cost is usually the only difference between supplement Medicare insurance plans sold
by different insurance companies.
Healthcare continues to be a major concern for seniors across the country. As it's
been said, Medicare doesn't cover everything. If you feel you need more coverage,
supplement Medicare insurance might be the right choice for you.
Supplement Medicare insurance plans may also cover certain things that Medicare doesn’t.
If you are in original Medicare and you have a supplement Medicare insurance plan,
Medicare will pay its share of the Medicare-approved amounts for covered health care
costs. Then your supplement Medicare insurance plan pays its share.