What is Medicare Medigap Insurance?

Medigap is extra health insurance the help pay for some costs not covered by Original Medicare Part A and Part B. You buy Medigap coverage from a private insurance company to pay costs such as copayments and deductibles. You pay a monthly premium for a Medigap policy.

Two requirements to getting Medigap is having Medicare Part A and Medicare Part B. Medicare Part A helps pay for hospital services while Medicare Part B covers the cost for doctor services.

Also, people who have a Medicare Advantage plan (medicare Part C) cannot get a Medigap plan.

Types of Medigap Insurance

There are currently 10 standardized Medigap plans as well as one high-deductible plan available in most states. Each plan is named with a letter. There is: Plan A, B, C, D, F, G, K, L, M, N, and a high-deductible version of Plan F. Picking the right plan for you can take a lot of research.

Medicare Part A costs covered by Medigap policies

  • The cost of hospital coinsurance for up to a year after your Medicare Part A hospital benefits end

  • Medicare supplement plans also cover Part B coinsurance / copayments

  • 50-100% of Skilled nursing facility stay coinsurance.

  • Medigap plans might cover up to 50-100% of your hospice care coinsurance/copayment

  • Medigap plans can cover up to 50-100% of the Medicare Part A deductible costs.

Medicare Part B costs covered by Medigap policies

  • 50-100% of your Medicare Part B copay/coinsurance can be covered by Medigap.

  • Medigap Plan C and Plan F are the only plans that help pay for Medicare Part B deductible

  • Plan F and Plan G Medigap policies cover the Medicare Part B excess charges.

Foreign travel

Medigap Plans C, D, F, G, N, or M provide coverage if you go abroad.

Things not covered by Medigap policies

Long-term care (care in a nursing home)

  • Routine vision or dental care

  • Hearing aids

  • Eyeglasses

  • Private-duty nursing

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