What is a Medicare Supplement Policy?
Medicare supplement (Medigap) insurance can help pay some of the health care costs that original Medicare does not cover, like co-payments, coinsurance, and deductibles. Original Medicare typically pays 80% of covered medical expenses and you are responsible for the additional 20%. This is where a supplement comes into play, the supplement covers the 20% so you are not subject to any high medical bills.
Some Medicare Supplement policies also offer coverage for services that Original Medicare doesn't cover, like medical care when you travel outside the U.S. If you have Original Medicare and you buy a Medicare Supplement policy, Medicare will pay its share of the Medicare-approved amount for covered health care costs. Then your Medicare supplement insurance policy pays its share.
A Medicare Supplement policy is different from a Medicare Advantage Plan. Below are some things to consider when purchasing a Medicare Supplement Policy.
Important Things to Know About Medicare Supplement Coverage
Contact us to learn more about the right Medicare Supplement Insurance coverage for you.
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