About Medicare Supplement Insurance
A Medicare Supplement policy is health insurance sold by private insurance companies to fill gaps in Original Medicare coverage. Medigap policies can help pay your share (coinsurance, copayments or deductibles) of the costs of Medicare-covered services. If you have Original Medicare and a Medicare Supplement policy, Medicare will pay its share of the Medicare-approved amounts for covered health care costs. Then your Medicare Supplement policy will pay its share.
Every Medicare Supplement policy must follow federal and state laws designed to protect you, and the policy must be identified as "Medicare Supplement Insurance.” Most of the plans are "standardized” and identified by letters A thru N. Each standardized Medicare Supplement policy must offer the same basic benefits, no matter which insurance company sells it. Cost is usually the only difference between policies with the same letter sold by different companies.
There are many standardized Medicare Supplement health insurance plans available to you as demonstrated by this chart:
Medicare Supplement Insurance Helpline: 1-800-290-6188