Why Are Medicare Supplement Plans Called “Medigap”?
The Medicare program was created to assist senior citizens with some of their hospitalization and medical costs. The key word here is “some”. There numerous areas where Medicare Part A and Part B pay only a portion of the health care costs charged to you. These healthcare expenses not covered by Medicare are referred to as “gaps” in Medicare coverage. These Medicare coverage gaps potentially can be addressed by another health insurance policy. Medicare Supplement policies are specifically designed to cover some of the gaps associated with Medicare coverage and, hence, they have been referred to as Medigap plans. In most states (except Massachusetts, Minnesota, and Wisconsin) there are twelve different varieties of Medigap plans with each plan having differing coverage and deductibles. To compare Medigap plans, visit www.planprescriber.com.
