Medicare Supplement
(Medigap)
What is it?
Medicare Supplement plans, sometimes called Medigap plans, are private insurance policies that you can add to your existing Original Medicare plan (Parts A and B). They can help cover the “gap” in healthcare costs that Original Medicare doesn’t cover, hence the nickname “Medigap”. Sometimes, insurance companies may also add extra perks to their Medigap plans!
What does it cover?
Medigap helps pay for some costs not covered by Original Medicare, such as:
- Copayments
- Coinsurance
- Deductibles
All you have to pay is a monthly premium, anywhere from $64/month to $461/month depending on the Medicare Supplement plan type and area. And unlike other Medicare plans, there are no network restrictions!
Who is eligible?
You may be eligible for a Medicare Supplement plan if you meet the following criteria:
- You qualify for both Medicare Part A and Part B
- You live in an area where your insurance provider offers Medicare Supplement plans
