Medigap is Medicare Supplement Insurance that helps fill "gaps" in Original Medicare and is sold by private companies. Original Medicare pays for much, but not all, of the cost for covered health care services and supplies. A Medicare Supplement Insurance (Medigap) policy can help pay some of the remaining health care costs, like:
- Copayments
- Coinsurance
- Deductibles
All insurance companies must offer the same benefits under a given plan. In other words, Medicare Supplement Plan A will have the same benefits regardless of which company sells it. However, the premium you pay for that plan may differ from one company to another. It is important to note that most Medicare supplement plans do not include dental or vision coverage.
Choosing the right Medicare supplement plan can be complicated. There are a number of questions to ask. Talking with family members, friends, and a trusted financial adviser are good ideas before picking a Medicare supplement plan, but you can get more information on by calling our office.