Medicare Supplement is a type of health insurance sold by private insurers to cover the 20% cost that Original Medicare will not cover. Medicare Supplement is also known as “Medigap” or “Medigap Plans”
Medicare Supplement Insurance (Medigap) policy also helps pay some of the health care costs that Original Medicare doesn’t cover, like:
Medigap policies are sold by private companies.
Some Medigap policies also cover services that Original Medicare doesn’t cover, like medical care when you travel outside the U.S. If you have Original Medicare and you buy a Medigap policy, here’s what happens:
- Medicare will pay its share of the for covered health care costs.
- Then, your Medigap policy pays its share.
It also depends on which policy you choose from the standard offered plans that determine what your Medicare Supplement plan will cover.