Understanding Medicare Supplement Plans
Known as Medigap Plans, Medicare Supplement Plans fill in the “gaps” of medical costs that aren’t covered by Original Medicare, such as coinsurance, copayments, and deductibles.
Availability.
Medicare Supplement plans cover millions of Medicare beneficiaries.
Medicare supplement insurance plans are very common among people who want little to no copays when they receive healthcare services. These plans are available in all 50 states.
Coverage.
If you’re new to Medicare, it may surprise you that Medicare only covers 80% of your Part B costs. The remaining 20% can be burdensome if a serious illness emerges. Medicare supplement plans pay that 20% for you, among other items. Essentially, this insurance gives seniors peace of mind by removing the cost-sharing responsibility.