Medicare
Medigap
Definition
Medigap, also called Medicare Supplement Insurance, is private insurance that helps pay for costs not covered by Original Medicare, such as copayments, coinsurance, and deductibles.
More Detail
Medigap plans are sold by private insurers and are standardized in most states — Plan G in one company covers the same benefits as Plan G in another. Medigap plans only work with Original Medicare (Part A and Part B); they do not work with Medicare Advantage. The best time to buy Medigap is during your Medigap Open Enrollment Period, which starts the month you turn 65 and are enrolled in Part B.
Want this explained in person?
We cover Medigap and much more at our free Medicare 101 seminars near you. No sales pitch.
See Upcoming Seminars