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Home Forums Discuss From Your Inner What is a Medicare Supplement Coverage Plan?

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    • #116913
      Andrew
      Participant

      I am a senior citizen who has been using traditional Medicare for five years, but I want to add medicare supplement coverage to my plan. What is it?

    • #116916
      paul
      Participant

      Medigap plans, or Medicare Supplemental coverage Insurance, are designed to bridge the financial gap between Original Medicare (Parts A and B) and additional, optional coverage. To qualify for a Medicare supplement policy, you must enroll in both Original Medicare Parts A and B. Medigap policies often pay for all or most of the remaining 20% not covered by Medicare’s Parts A and B. Medicare Supplement insurance is offered by private insurance providers. The Centers for Medicare & Medicaid Services (CMS) mandates uniform benefit coverage across all plans, although individual insurers can set their premiums. Since Medicare Supplement Coverage Plans are sold individually, you must purchase two policies if you and your spouse require coverage.

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