What Is Medicare Supplemental Insurance?
Medicare Supplement or Medigap plans are sold by private insurers that are licensed to sell Medicare plans. These insurance policies help you pay for out-of-pocket expenses for services covered under Original Medicare. The costs include:
- Deductibles
- Coinsurance
- Copayments
- Skilled nursing facility costs
- Hospital costs after Medicare pays its share
- And more
Some Medicare Supplement Insurance plans also include coverage for medical services while you are traveling outside of the country.