What's Medicare Supplement Insurance?
(Medigap)
Medicare Supplement Insurance (Medigap) is extra insurance you can buy from a private insurance company to help pay your share of out-of-pocket costs in Original Medicare
* You can only buy Medigap if you have Original Medicare. Generally, that means you have to sign up for Medicare Part A (Hospital Insurance) and Part B (Medical Insurance) before you can buy a Medigap policy.
All Medigap policies are standardized. This means, policies with the same letter offer the same basic benefits no matter where you live or which insurance company you buy the policy from. There are 10 different types of Medigap plans offered in most states, which are named by letters: A-D, F, G, and K-N. Price is the only difference between plans with the same letter that are sold by different insurance companies.
Medigap policies help cover out-of-pocket costs associated in Original Medicare, like:
Copayments
Coinsurance
Deductibles
Medigap doesn’t cover everything. Medigap plans generally don’t cover:
Long-term care (like care in a nursing home)
Vision or dental care
Hearing aids
Eyeglasses
Private-duty nursing