What is a benefit of having Medicare Supplemental Insurance?

Medicare Supplemental Insurance, commonly known as Medigap, is designed specifically to help cover the costs that Original Medicare does not fully pay. These gaps include out-of-pocket expenses such as deductibles, copayments, and coinsurance for services that are otherwise covered by Medicare Part A (hospital insurance) and Part B (medical insurance). By providing coverage for these gaps, Medigap plans enhance overall access to healthcare services and reduce the financial burden on beneficiaries.

This additional coverage is particularly important as beneficiaries may face significant out-of-pocket costs under Original Medicare alone, ultimately leading to better financial management of healthcare expenses. Hence, recognizing that Medigap aims to provide this crucial coverage solidifies the understanding of its importance in complementing Medicare.