Popular Information
What is Medigap Insurance?
A Medigap policy (AKA Medicare Supplemental Health Insurance) is health insurance sold by private insurance companies to fill the “gaps” in Original Medicare Plan coverage. Medigap policies help pay some of the health care costs that the Original Medicare Plan doesn’t cover. If you are in the Original Medicare Plan and have a Medigap policy, then Medicare and your Medigap policy will pay both their shares of covered health care costs.
Insurance companies can only sell you a “standardized” Medigap policy. These Medigap policies must all have specific benefits so you can compare them easily. You will find many major medical and health insurance companies offering Medigap medical insurance plans such as Blue Cross Blue Shield, Aetna, and Humana Health Insurance.
You may be able to choose up to 12 different standardized Medigap policies (Medigap Health Insurance Plans A through L). Medigap policies must follow Federal and State laws. These laws protect you. A Medigap policy must be clearly identified on the cover as “Medicare Supplement Insurance.” Each plan, A through L, has a different set of basic and extra benefits.
It’s important to compare Medigap policies because costs can vary. The benefits in any Medigap Plan A through L are the same for any insurance company. Each health insurance company decides which Medigap policies it wants to sell.
Generally, when you buy a Medigap policy you must have Medicare Part A and Part B. You will have to pay the monthly Medicare Part B premium. In addition, you will have to pay a premium to the Medigap insurance company.
You and your spouse must each buy separate Medigap policies. Your Medigap policy won’t cover any health care costs for your spouse.
For additional information on Medigap policies, including why you would want to buy a Medigap policy and information about what Medigap policies cover, please read our publication, Choosing a Medigap Policy: A Guide to Health Insurance for People with Medicare.
Source: U.S. Department of Health and Human Service
What is Medicare Supplement Health Insurance?
Medicare Supplemental Health Insurance is another name for Medigap Health Insurance. I guess someone got the wise idea to call it Medigap Insurance since it fills in the gaps within the Medicare Insurance coverage.
How do I find Medigap Health Insurance Providers?
Use our Medigap Health Insurance Providers Locator to help you find the provider that is right for you. Whether you are looking for family health insurance or individual health insurance, our locator can help you find affordable health insurance.
