Medicare Supplement Insurance plans do not pay for coverage like other health insurance plans. Instead, these plans supplement Original Medicare coverage so that copayments, coinsurance, and deductibles are covered.
Medigap coverage is offered in lettered plans, which may be confused with Medicare Part A and Part B. However, Medigap plans are different. When you’re looking to buy a Medigap plan, know that insurance companies may not offer all of the different plans. However, companies are required to offer Plan A at the very least.
Standardized Medigap plans must cover basic benefits such as:
- Copayments or coinsurance costs for Medicare Part A for up to a year after Medicare benefits run out.
- Medicare Part A hospice care copayments or coinsurance costs
- Medicare Part B copayments or coinsurance costs
Additionally, if you need blood during a medical procedure, the first three pints should also be covered.