Medicare supplement/medigap
Designed to work alongside Original Medicare Parts A and B by helping to cover out-of-pocket costs Medicare doesn’t fully pay.
When you have both Medicare and a Medicare Supplement plan, Medicare pays its share of covered health costs first. Then, your Medigap policy will kick in and pay its share, reducing your overall out-of-pocket expenses. This coordination of benefits provides you with financial protection and greater peace of mind in managing your healthcare.
Medicare Supplement plans are standardized, which means each plan of the same letter (e.g., Plan G, Plan N) offers the same benefits, regardless of the insurance company selling it. This allows you to choose a plan that best fits your budget and healthcare needs while ensuring you receive the same level of coverage.
If you travel, this may be a good option for you, as there are no networks you need to be concerned about. It’s simple, if the doctor or hospital accepts Original Medicare, they will accept your Medicare Supplement/Medigap plan.