Medicare Supplement Insurance -Medigap- is a private health insurance policy that is designed to supplement Original Medicare (Part A and Part B). Medigap is provided by private health insurance companies but run by Medicare. Medigap helps pay some of the health care costs that Original Medicare does not cover ("gaps" such as copayments, coinsurance and deductibles) as well as certain services that Medicare doesn't cover at all. If you have Original Medicare and a Medigap Policy, Medicare pays its share of the Medicare approved amounts for covered health care costs, followed by your Medigap policy's payment.
Every Medigap policy must follow both federal and state laws. Medigap policies are standardized and identified by letters A-L. Each policy must offer the same basic benefits no matter which health insurance carrier sells it, the only difference will be the price each carrier offers.
Policy A offers the basic and core benefits while the other eleven policies contain the basic benefits as well as a few additional benefits. Plan A offers the following benefits:
Every Medigap policy must follow both federal and state laws. Medigap policies are standardized and identified by letters A-L. Each policy must offer the same basic benefits no matter which health insurance carrier sells it, the only difference will be the price each carrier offers.
Policy A offers the basic and core benefits while the other eleven policies contain the basic benefits as well as a few additional benefits. Plan A offers the following benefits:
