Medigap policies are designed to cover what?

Medigap policies are specifically designed to cover extra costs that are not included in Medicare. These policies help bridge the gaps in coverage that many beneficiaries face with Medicare Parts A and B. Common examples of expenses that Medigap might cover include copayments, coinsurance, deductibles, and healthcare costs that fall outside the limits determined by Medicare, such as excess charges for services.

While Medigap policies do not cover vision and dental care, prescription drug coverage, or long-term care expenses, beneficiaries can obtain these services through separate insurance plans or programs. The focus of Medigap is strictly on supplementing the original Medicare program to reduce out-of-pocket expenses for necessary medical care. This makes it a valuable resource for many individuals seeking to manage their healthcare costs after retirement or during periods of illness.