Updated: Oct 13
A Medicare Supplement Insurance (Medigap) policy is health insurance that can help pay some of the health care costs that Original Medicare doesn’t cover, like coinsurance, copayments, or deductibles. Private insurance companies sell Medigap policies. Some Medigap policies also cover certain benefits Original Medicare doesn’t cover, like emergency foreign travel expenses. Have Medicare questions? Where you are new to Medicare or already have Medicare, let's talk.
What are the parts of Medicare?
Part A (Hospital Insurance) Helps cover: • Inpatient care in hospitals • Skilled nursing facility care • Hospice care • Home health care
Part B (Medical Insurance) Helps cover: • Services from doctors and other health care providers • Outpatient care • Home health care • Durable medical equipment (like wheelchairs, walkers, hospital beds, and other equipment) • Many preventive services (like screenings, shots or vaccines, and yearly “Wellness” visits)
Part D (Drug Coverage) helps cover the cost of prescription drugs (including many recommended shots or vaccines). Plans that offer Medicare drug coverage are run by private insurance companies that follow rules set by Medicare.
Your Medicare options:
Original Medicare • Original Medicare includes Medicare Part A (Hospital Insurance) and Part B (Medical Insurance). • If you want drug coverage, you can join a separate Medicare drug plan (Part D). • To help pay your out-of-pocket costs in Original Medicare (like your 20% coinsurance), you can also shop for and buy supplemental coverage. • Can use any doctor or hospital that takes Medicare, anywhere in the U.S.
Medicare Advantage (also known as Part C) • Medicare Advantage is an “all in one” alternative to Original Medicare. These “bundled” plans include Part A, Part B, and usually, Part D. • Plans may have lower out-of-pocket costs than Original Medicare. • In many cases, you’ll need to use doctors who are in the plan’s network. • Most plans offer extra benefits that Original Medicare doesn’t cover—like vision, hearing, dental, and more.