Covering Medicare's Gaps

You probably know that there are health care costs that Medicare either does not pay in full or does not pay at all. For example, when you go to the doctor or hospital for services covered by Medicare, you must pay part of the cost. If you get services not covered by Medicare, you must pay the entire bill. Other than paying what you owe out of your own pocket, which few people can afford to do, the basic way to help fill the payment gaps in you Medicare coverage is by buying Medicare supplement insurance, which is also called "Medigap" insurance.

What Medigap Plans Cover: Medigap policies pay most, if not all, Medicare coinsurance amounts and may provide coverage for Medicare's deductibles. Some of the 10 standard plans pay for services not covered by Medicare such as outpatient prescription drugs, preventive screening, and emergency medical care while traveling outside the United States. Coverage is also provided in some plans for health care provider charges in excess of Medicare's approved amount and for some care in your home.

As you shop for a Medigap policy, keep in mind that each company's products are alike, so they are competing on service, reliability and price. We compare benefits and premiums for you to be satisfied that the insurer is reputable before buying.