Medigap & Supplements
While Original Medicare offers comprehensive coverage, it doesn't cover everything. Medigap, also known as Medicare Supplement Insurance, can help pay some of the healthcare costs that Original Medicare doesn't cover.
Key Features of Medigap (aka Medicare Supplement Insurance)
Why It Matters
Coverage: Helps cover co-payments, coinsurance, and deductibles.
Variety: There are several standardized Medigap plans, each labeled with a letter. Each plan offers a different set of benefits.
Enrollment: Best time to buy a Medigap policy is during the 6-month Medigap Open Enrollment Period. This is the 6-month period that starts the first day of the month you're 65 or older and signed up for Part B. After this period, your options to buy a Medigap policy may be limited and the policy may cost more.
Medigap policies can provide peace of mind by reducing out-of-pocket costs. It's essential to choose a plan that aligns with your healthcare needs and budget.
