Medigap insurance is a type of supplemental insurance that can help to cover the costs of Medicare deductibles and co-pays. Medigap Insurance is the same as Medicare Advantage Plan. 

Medicare Advantage is a type of health insurance that private companies approved by Medicare offer and is available to anyone who is enrolled in Medicare. Medicare Advantage plans provide all of the benefits of Original Medicare (Parts A and B) and may also include extra benefits, such as prescription drug coverage, vision, and dental care.

5. What Is Medigap Insurance?

What Does Medicare Advantage (Medigap) Cover?

Medicare Advantage Plans are a type of private health insurance that can help pay some of the out-of-pocket costs not covered by Original Medicare, such as copayments, coinsurance, and deductibles. Medigap plans are offered by private insurance companies and are not part of the federal Medicare program. Medigap plans cover a variety of out-of-pocket costs not covered by Original Medicare.

What Does Medicare Advantage Cost?

The cost of Medigap insurance depends on the plan you choose and the insurance company you choose to buy it from. Some states have laws that regulate the cost of Medigap plans.  Medigap plans have a monthly premium in addition to the Part B premium. The cost of the plan depends on the benefits it covers and the insurance company that offers it. Some Medigap plans also have an annual deductible. That’s why it is important to shop around.

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