What Does Medigap Really Do?

When it comes to understanding Medicare insurance there are a lot of places that people often get lost in the “weeds” of knowledge. It doesn’t help that there is standard Medicare, Medicare Advantage and Medigap (Medicare Supplement Insurance) to know the differences between also. What you need to know is that Medigap policies assist your existing Medicare policies and they must follow some important guidelines.

Each insurance company decides which Medigap policies it wants to sell, although state laws might affect which ones they offer. Insurance companies that sell Medigap policies:

Don’t have to offer every Medigap plan, though most do to give their customers the same type of options that they would find anywhere else.

Must offer Medigap Plan A if they offer any Medigap policy. This is the most basic of the Medigap policies as it helps with some of the most basic forms of Medigap coverage out there. The idea here is to help with the most obvious and necessary options.

Must also offer Plan C or Plan F if they offer any plan. The Plan F coverage also has the option for a high deductible approach that makes the premium lower while giving some, but not great, coverage to the user.