Medicare Supplement Insurance, or Medigap as it’s often called, can help pay some of the health care costs that Medicare does not cover, such as copayments, coinsurance and deductibles. Medigap covers any gaps in coverage that would normally require you to pay out-of-pocket when Medicare falls short. Typically, Medicare will pay its share of the Medicare-approved amount for a service and then Medigap pays its share so that the expense is paid in full. A Medigap policy is particularly valuable for seniors that live on fixed budgets and need to limit their expenses.
Medicare Supplemental, or Medicare, coverage can help to cover costs that are not covered by Medicare, such as copays, deductibles, and coinsurance. Medigap coverage can protect your finances by paying expenses that you would be required to pay out of pocket.