What Is Medicare Supplement Insurance?
Medicare Supplement Insurance is an insurance policy that supplements Original Medicare (Parts A and B). It helps pay for the share of healthcare costs that Original Medicare doesn’t cover.
Medicare Supplement or Medigap
There is no difference between Medigap and Medicare Supplement Insurance. They are commonly two different terms for the same type of insurance coverage. Please note that Medicare Supplement is NOT the same as Medicare Advantage. They are two separate insurance products.
†After the Part B Deductible has been met.
Coverage for costs not paid by Medicare
A Medicare Supplement Insurance policy (also called a Medigap plan) can help pay some of the health care costs and services that Original Medicare doesn’t cover, such as copayments, coinsurance, and deductibles. Medicare will pay its share of the Medicare-approved amount for covered health costs. Then your Medicare Supplement Insurance policy will pay its share.
To view Medicare Supplement plan details, use the Compare Plans chart.
Medicare Supplement plans do not include prescription drug coverage or dental coverage, but you may choose to add those plans separately.
Benefits of Medicare Supplement Insurance
A Medicare Supplement Insurance policy gives you the freedom to choose any doctor or hospital that accepts Medicare—no network restrictions. And, your coverage is assured renewable for life.
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