A Medicare Supplement plan, also called Medigap insurance, may help you pay for the “gap” between what Original Medicare pays and what you pay out of your own pocket. You can apply for Medicare Supplement plans through private insurance companies.

What are Medicare Supplement Insurance Plans?

Medicare Supplement plans may help pay for out-of-pocket costs under Medicare Part A (hospital insurance) and Medicare Part B (medical insurance).
Medicare Supplement plans sold today don’t cover prescriptions. But you can sign up for a stand-alone Medicare Part D prescription drug plan.
In most states, there are up to 10 different Medigap basic benefits options to choose from.

How does MEDIGAP insurance work?

Extend your healthcare coverage

• 20% to offset your out-of-pocket cost that Medicare Part A and Part B do not cover as well the majority of deductibles

Cover your deductible costs

• Lump-sum cash benefits for accidents and serious illnesses that can help pay a medical plan's high deductible

Protect your income

• Payments go right to you. Use the money for whatever you need, like mortgage payments, credit card payments, car payments, day care, or business costs.

 

MEDIGAP insurance can include

Critical illness insurance

• Pays a lump sum if you are diagnosed with a specified critical illness, such as: life-threatening cancer, heart attack, kidney failure, stroke, coma

Accident medical insurance

• After the deductible, benefits may cover medical expenses resulting from any covered accident.

Accidental Death & Dismemberment

• Pays a lump sum for death or certain injuries from a covered accident.