What is a Medicare Supplement Plan?
Whether you're new to Medicare, or just want to brush up on your Medicare information, we've laid out all the answers for you.
A Medicare Supplement plan (also called a Medigap policy) is private health insurance designed to supplement Original Medicare coverage. Medicare Supplement insurance helps pay some of the health care costs (or "gaps") that are not covered by Original Medicare, such as copays, coinsurance, and deductibles. All Medicare Supplement plans must follow federal and state laws. The standardized policies that can be offered by Medicare Supplement insurance companies are identified by the letters A through N.
Medicare Supplement plans do not replace Original Medicare plans; they only work to supplement Original Medicare benefits. Medicare supplement plans typically do not cover long-term care, vision, dental, hearing aids, eyeglasses, or private nursing.
Medicare Supplement is ideal for:
- Beneficiaries who want the freedom of choosing any doctor that accepts Medicare
- Beneficiaries who are looking for protection from the unexpected costs of Medicare