A Medigap policy is health insurance sold by private insurance companies to fill the “gaps” in Original Medicare Plan coverage. Medigap policies help pay some of the health care costs that the Original Medicare Plan doesn’t cover. If you are in the Original Medicare Plan and have a Medigap policy, then Medicare and your Medigap policy will pay both their shares of covered health care costs.
Insurance companies can only sell you a “standardized” Medigap policy. These Medigap policies must all have specific benefits so you can compare them easily.
It’s important to compare Medigap policies because although the benefits cannot vary the costs can vary. The benefits in any Medigap Plan A through L are the same for any insurance company. Each insurance company decides which Medigap policies it wants to sell.
For additional information on Medigap policies, including why you would want to buy a Medigap policy and information about what Medigap policies cover, please read the publication, Choosing a Medigap Policy: A Guide to Health Insurance for People with Medicare.
For more information on Medigaps, go to page 75 of Medicare and You.
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