Medicare Supplement Insurance is designed to cover what?

Medicare Supplement Insurance, often referred to as Medigap, is specifically designed to help cover certain out-of-pocket costs that Medicare does not fully pay. This includes some or all of the deductibles, coinsurance, and copayments that are part of Medicare coverage.

For example, when a beneficiary uses Medicare for healthcare services, they may still be responsible for a portion of the costs such as deductibles and coinsurance. Medigap plans can help to fill these gaps, reducing the financial burden on seniors who rely on Medicare for their healthcare needs.

The coverage provided by Medigap plans varies based on the specific plan selected, but overall, their primary role is to complement Medicare coverage rather than replace it or cover unrelated healthcare expenses. Therefore, they do not cover insurance premiums under Medicare, non-medical expenses, or long-term care costs, which are unrelated to the intended purpose of Medigap policies.