Medigap plans (also known as Medicare supplement plans) are designed to help seniors who want high quality healthcare and are on Medicare, cover the gap between what hospitals and doctors charge for their services and what Medicare will pay. Health insurance is constantly changing, which can make finding the right plan for you very strenuous and time consuming.
Supplementing your Original Medicare coverage (Medicare Parts A & B) with a Medigap plan will help you control your out-of-pocket expenses and enable you to see any doctor you want that accepts Medicare. Any doctor that accepts Original Medicare will also accept your Medigap plan.
Medicare Supplement Insurance is made up of 10 different standardized medigap plans – Plans A, B, C, D, F, G, K, L, M, and N. There is also a High-deductible plan F (Hi-F) available in many areas. The deductible must be paid before any benefits are paid by the carrier for Hi-F plans.
Each Medigap plan offers certain benefits – some more comprehensive than others. For example, Plan A offers coverage of only the basic benefits package (the first 4 benefits – every plan must cover the basic benefits), while Plan F is the most comprehensive and covers each of the 9 benefits at 100%.