Your Health

What is Medicare Supplement Insurance (Medigap)

What Is Medicare Supplement Insurance?

Medicare Parts A and B are also known as Original Medicare, which covers most of the costs for health-related services. But in some cases, you may still have to pay some out-of-pocket expenses, such as deductibles and coinsurance. Medigap, also known as Medicare supplement insurance, may help people with these costs and additional expenses that Medicare does not offer. It is a voluntary insurance plan that requires you to pay premiums on a monthly or quarterly basis. In the next sections, we will learn more about Medigap. [1]