Medigap plans supplement your Original Medicare coverage by filling in the gaps for costs like copayments and deductibles. Medicare Advantage (Part C), on the other hand, replaces Original Medicare and offers bundled coverage, including extra benefits like vision, dental, and prescription drug coverage. Medigap gives you more freedom to choose any doctor that accepts Medicare, while Medicare Advantage plans often have network restrictions.
Medicare Supplement plans can cover a range of out-of-pocket expenses, such as:
• Medicare Part A hospital coinsurance and hospital costs
• Medicare Part B coinsurance or copayments
• First three pints of blood used in a medical procedure
• Part A hospice care coinsurance or copayments
• Some plans also cover skilled nursing facility care and Part A and Part B deductibles.
Yes! With Medicare Supplement plans, you can visit any doctor or hospital that accepts Medicare, offering more flexibility than Medicare Advantage plans, which may have network restrictions.
There are ten standardized Medigap plans, labeled A through N, each offering different levels of coverage. The right plan for you will depend on your healthcare needs and budget. It’s important to compare the different plans and consider factors such as premiums, coverage, and whether you need additional benefits, such as foreign travel emergency care.
