- Medigap, also known as Medicare Supplement Insurance, is a type of private insurance that is designed to supplement Original Medicare (Parts A and B). These policies are offered by private insurance companies and are designed to cover the out-of-pocket costs that are not covered by Original Medicare, such as deductibles, copays, and coinsurance.
- One of the main benefits of Medigap is that it can help individuals to manage the out-of-pocket costs associated with their Medicare coverage. These policies are designed to provide additional coverage for medical expenses and can help individuals to afford the cost of their care.
- It is important to note that Medigap policies have certain rules and restrictions on coverage, and individuals may be required to use specific providers in order to receive benefits. In addition, these policies may have deductibles, copays, and coinsurance for certain services.
