Medicare Supplement plans, also known as Medigap, are policies that help pay for the excess charges left over by Medicare. These costs are things like your deductibles and coinsurance.
What is Medicare Supplemental Insurance?
Medicare Supplement plans, or Medigap, are insurance policies sold by private insurance companies that are licensed to sell Medicare plans. They help you pay for out-of-pocket costs for services covered under Medicare Part A and Part B. These costs include deductibles, coinsurance, copayments, hospital costs after Medicare pays its share, skilled nursing facility costs, and more. Some Medicare Supplement insurance plans even include coverage for medical services while traveling outside the United States.
Which Medicare Supplement plan should I choose?
*Except for copayment for some office visits and emergency room visits that do no result in an inpatient admission. *
*After you meet your out-of-pocket limit and annual Part B deductible which is $198 in 2020, your Medigap plan will pay for covered service at 100% for the remainder of the calendar year.
Remember: Not all Medigap plans on the comparison chart are offered by every state and will also vary depending on the insurance company.