Medicare Supplement Plans (Medigap Plans)
Medicare Supplement Plans (Medigaps) refer to various private health insurance plans sold to supplement Original Medicare. Medigap insurance provides coverage for many of the co-pays and some of the co-insurance related to Medicare-covered hospital, skilled nursing facility, home health care, ambulance, durable medical equipment, and doctor charges. Different plans will pay different amounts of your medical charges (see chart).
*Some important things to understand about Medigap Plans…
- Your monthly premium is based on your age.
- Generally your monthly premium will increase each year you become older.
- Your monthly premium is based on where you live…state & zip.
- A Plan G from one company will have the same core coverage as a Plan G from all other companies.