Covers Part A coinsurance and hospital costs
Covers Part A hospice coinsurance and copay
Covers Part B coinsurance and copay
Extra 365 days of hospital coverage
Medicare supplement plans, also known as Medigap, are health plans for Medicare enrollees that help offset the costs or “gap” between what Medicare Part A / Medicare Part B pays versus what your total financial obligation is for the treatment you receive. These plans are offered by private health insurance companies and only cover the overall out of pocket expenses relating to Medicare, not to be confused with Medicare Advantage plans which are privatized versions of Medicare Part A and Medicare Part B.
All companies that sell a certain Medigap plan in your service area must offer the same coverage; however, they are allowed to charge different prices for the Medicare Supplement Plan you choose. Since the Medicare supplement plans are heavily regulated by both state and federal regulations, the coverage requirement for these Medigap plans are standardized and will not vary based on the insurance company you choose. It’s important to look at all options available to ensure you are getting the best price on your Medigap coverage.