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Medicare Supplemental Insurance

Medicare Supplement Insurance (usually known as Medigap or MedSupp) is a special plan used to coverage in some of the gaps in Medicare coverage. Medicare, the federal plan that provides coverage for residents over 65 years old across the country, is usually formed out of a basic coverage plan. What a Medigap plan does is that it tries to cover everything else Medicaid does not cover. Currently, there are 12 different standardized Medigap policies (labelled with the letters A through L), and the benefits included are different. Which one to get? It depends on which benefits you want to have extra coverage for. All standardized plans are the same across the country (plans don’t change between companies), so try to find the lowest premium you can get.

Ultimately, both Medicare and Medigap will work hand in hand in order to provide your financial and medical needs, so you need to find a Medigap plan that will best compliment your current Medicare plan.

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