A Medicare Supplement (also referred to as Medigap) helps Medicare eligible individuals with pay for the extra costs that Medicare often does not cover. These medical costs can include copayments, coinsurance, and deductibles.
Supplement plans cover the costs you’re responsible for with Original Medicare which may include:
- Medicare Deductibles
- Medicare Coinsurance
- Hospital Costs for Medicare Un-covered Excess Days
- Skilled Nursing Facility Costs for Medicare Un-covered Excess Days
There are numerous Medicare Supplement plan options available to you and each plan has a different, yet standardized, benefits and coverage for you to consider. Medicare Supplement plans are offered by private insurance companies.