Medicare Supplement Coverage
Medicare Supplements, also known as Medigap, are private insurance plans offered by private insurance companies and are standardized by the federal government.
These plans help cover some of the out-of-pocket costs associated with Original Medicare, such as:
- Copayments
- Coinsurance
- Deductibles
Medicare Supplements only work with Original Medicare (Part A and Part B) and cannot be used with Medicare Advantage plans.
While they may have a higher monthly premium, they can provide significant cost savings for individuals with high healthcare expenses.
Overall, Medicare Supplements are a valuable option for individuals looking to supplement their Original Medicare coverage and reduce their out-of-pocket expenses.