Medicare doesn’t cover the cost for every service or prescription. To help pay those extra expenses, there is Medigap.
Medigap, as a supplemental plan, works with Original Medicare parts A and B. Part A pays for hospice, home health, hospitals and nursing homes; part B pays for doctor office visits, care on outpatient basis, medical supplies and other services.
AARP Media, reports that Medigap is NOT a “one size fits all” situation. Because the plans can change every year, seek advice from companies that offer the option of reviewing all available Medigap plans, and assist in selecting the plan that is the best for your personal life-situation. There are several tools, both online and offline, that seniors can use to analyze coverage plans.
Ten thousand baby-boomers are turning 65 every day, according to AARP, but few of them fully understand how Medicare, and Medigap operate together as complete-coverage insurance.