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One traditional way for Medicare beneficiaries to control the large gaps in coverage left by Part A and Part B of traditional Medicare has to been to purchase a Medigap policy, also called a Medicare supplement. One good thing about these policies is that they have been pretty standard in most states since the last big overhaul in 1992. Only three states have their own plan levels and don’t use the standard ones set by CMS. Still, there has been some talk recently of overhauling the standard Medigap plan levels again.
Topics: Medicare Supplement Plans, Medicare, health insurance, Health, medicare supplements explained, applying for Medicare, Medigap, how medicare works, medicare supplemental insurance, explain medicare
Medicare helps millions of American seniors and disabled people pay medical bills, but there are gaps in the program that still leave beneficiaries vulnerable. Examples are copay's, deductibles and things that Medicare doesn’t cover at all. Some Medicare recipients buy supplements, sometimes called Medigap plans, in order to protect themselves against these gaps in health coverage.
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