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…