What is MediGap?

How does Medigap differ from Medicare? »Medigap plans cover some or all costs after Medicare has paid its portion of a medical bill. »Medigap can help cover copays, coinsurance and deductibles. How do I choose a Medigap plan? »There are 10 types of Medigap plans. Private insurers administer Medigap plans but do not have to offer all 10 types. »Plans A and B are the least comprehensive. They cover hospital copays and Part B coinsurance but not care outside the United States. »Plans C, F and G are the most comprehensive and may help cover Part B deductibles or excess charges, which occur when a doctor charges Medicare more than the Medicare-approved amount. »Plans C and F are not available to people who became eligible for Medicare on or after January 1, 2020. »The comprehensiveness of the benefits for plans D, K, L, M and N is somewhere in the middle. »You may enroll in a Medigap plan without answering medical questions during the 6 months after you enroll in Part B. After that, an insurer can deny your application for Medigap coverage unless you meet certain requirements. Why do I need a Medigap plan? »Medigap coverage can help reduce the burden of out-of-pocket costs for enrollees. »Some Medigap plans may keep you covered in emergency situations, like if you need treatment when traveling outside the United States. What else should I know? »You cannot be covered by a Medigap plan at the same time as a Medicare Advantage plan. »People who purchase a Medigap plan should also purchase a Medicare Part D prescription drug plan. »A licensed, professional agent or broker can help you shop for a Medigap plan that suits your needs and budget.

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