Medicare Insurance

In the first part of this module we’ll be talking about the basics of Medigap. The topics we’ll cover are:

•An overview of Medigap

•The benefits of Medigap

•The different standard Medigap plans available

•Medigap costs

•Where to get more information

 

  

What is a Medigap policy?

Original Medicare pays for many health care services and supplies, but it doesn’t pay all of your health care costs. There are costs you must pay, like deductibles, coinsurance, and copayments. These costs are sometimes called “gaps” in Medicare coverage.

A Medigap policy (also called Medicare Supplement Insurance) is a health insurance policy sold by private insurance companies to fill the “gaps” in Original Medicare coverage. The companies must follow Federal and state laws that protect people with Medicare. The front of the Medigap policy must clearly identify it as “Medicare Supplement Insurance"