A Medicare Supplement, also called Medigap, is used to pay all or a portion of the Part A and Part B deductibles, skilled nursing co-payments, and the 20% Part B co-insurance that Medicare does not cover. Original Medicare remains your primary insurance, and a supplement/Medigap pays second. You will also need a Part D Prescription Drug Plan to go with it. Supplements are named A through N and each one has slightly different coverage. Medigap plans are standardized, so the benefits of each plan do not vary by carrier.
- Medicare Supplement Insurance Near Richmond, VA
Medicare Supplement Insurance Near Richmond, VA
What is medigap?
Also known as Medicare Supplement Insurance, Medigap is a policy through a private insurance company that covers several things Medicare does not cover on its own. These include:
Use any doctor that accepts Medicare, no referrals needed, no co-payments or deductibles or co-insurance to pay on some plans.
It comes with a monthly premium. You must also carry three different cards; Medicare, Medicare Supplement and Prescription Drug Plan and pay a higher premium. It does not include Dental, Vision or hearing aid benefits.