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A “Medicare Supplement Insurance” policy (also called Medigap) is private health insurance that’s designed to supplement Original Medicare. This means it helps pay some of the health care costs that Original Medicare doesn’t cover (like copayments, coinsurance, and deductibles). If you have Original Medicare and a Medigap policy, Medicare will pay its share of the Medicare-approved amounts for covered health care costs. Then your Medigap policy pays its share.
(From “Choosing a Medigap Policy 2016; A Guide to health insurance for people with Medicare”)
There are several Medicare Supplement Plans to choose from, each with a different set of benefits and levels of coverage. The current plans available are: A, B, C, D, F, G, K, L, M & N.
We represent many major carriers of Medicare Supplements and would be happy to provide you with more information regarding the Medicare Supplement Plans available in your area.
For more information please email Mary@shafferfinancial.com