Discover Medicare Supplement Insurance
Medicare Supplement Insurance, commonly referred to as Medigap, is a type of insurance offered by private companies to cover the gaps in costs not covered by Original Medicare, such as copayments, coinsurance, and deductibles. Medigap policies are designed to simplify your healthcare expenses and provide peace of mind about where your coverage ends and out-of-pocket expenses begin.
Understanding Medicare Supplement Insurance
Medicare Supplement Insurance plans help cover some of the healthcare costs that Original Medicare doesn’t cover. If you have Original Medicare and a Medigap policy, Medicare will pay its share of the Medicare-approved amount for covered healthcare costs. Then, your Medigap policy pays its share.
Benefits of Medicare Supplement Insurance
Key Advantages of Choosing Medigap
- Coverage of Excess Charges:
Medigap plans can cover excess charges that doctors under Medicare Part B may charge over the Medicare-approved amount. - Foreign Travel Emergency Coverage:
Certain Medigap plans offer coverage for emergency health services needed while traveling outside the United States. - Predictable Costs:
With Medigap, you have predictable monthly premiums and reduced unexpected out-of-pocket expenses. - Nationwide Coverage:
Unlike Medicare Advantage, Medigap does not restrict you to a network of providers. Anywhere Medicare is accepted, your Medigap coverage is too.