Medicare Supplement insurance policies are sold by private companies. They are designed to help pay some of the health care costs that Original Medicare doesn’t cover, like copayments, coinsurance, and deductibles. Medicare Supplement Insurance policies are also called “Medigap” policies.
If you have Original Medicare and you buy a Medicare Supplement policy, Medicare will go ahead and pay its share of the Medicare-approved amount for covered health care costs. After that’s done, then your Medicare Supplement policy will pay its share. Keep in mind, you have to pay the monthly premiums for a Medigap policy.
Are you ready to learn about Medicare Supplement insurance policies?
- What is a Medicare Supplement?
- What does a Medigap policy cover?
- What’s NOT covered
- Medigap Open Enrollment Period
- Buying a Medigap policy
Need more information about Medicare supplements? Our Mentors can assist you!
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