What is Medigap / Medicare Supplemental Insurance?
Medigap plans, also called Medicare Supplement Plans, or Med Supp, provide extra insurance that helps you pay for your Medicare Parts A and B out-of-pocket costs – such as co-insurance and deductibles – which are “gaps” in medical coverage. Medigap plans are purchased through private carriers, though federal and state laws regulate Medigap policies. Medigap…
What’s better: Medicare Advantage Plans or Medigap Plans?
Medicare Advantage Plans (MAs) usually cost less in up front premium than Medigap Plans. MA plans may include additional benefits like dental, hearing, vision, transportation, foreign travel and other benefits that Original Medicare does not cover. Some MAs limit the use of Medicare covered services with in-network doctors or facilities. MAs may require referrals to…