Medigap is another name for Medicare Supplements. Medicare insurance pays for many medical expenses, but not all of them. The different Medicare Supplements can fill some or most of those gaps, hence the name Medigap. To find out which Medigap plan fits your needs the best, talk to a local agent.
Medicare is not designed to cover every medical expense. There will always be copayments, coinsurance, and deductibles to meet. Prescription drugs are not covered by Medicare parts A and B.
Medigap policies are issued by private companies. You pay a monthly premium for a guaranteed renewable policy. Medigap policies do not cover prescription drugs. You must purchase a separate part D plan from a private carrier.
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Medigap policies are issued by private companies. You pay a monthly premium for a guaranteed renewable policy. Medigap policies do not cover prescription drugs. You must purchase a separate part D plan from a private carrier.