Medigap
Policies
 Doris
informs Samuel that Medigap is another option available to him. She explains
that she has some information sheets on Medigap and suggests that they
review them together. Referring to page 1 of her information sheets, Doris
and Samuel review the following:
Basic
Information
A Medigap (Medicare
Supplement Insurance) policy is a health insurance policy sold by private
insurance companies to fill gaps in Original Medicare Plan coverage. Medigap
policies must follow federal and state laws. These laws protect persons with Medicare.
The front of the Medigap policy must clearly identify it as "Medicare
Supplement Insurance."
In all states except
Massachusetts, Minnesota, and Wisconsin, a Medigap policy must be 1
of 12 standardized plans, labeled A through L so they can
be easily compared. Each policy has a different set of benefits. A
few of the standardized policies (e.g. K and L) have a high-deductible
option. In addition, any standardized policy may be sold as a Medicare
SELECT policy. Medicare SELECT policies usually cost less because persons
with Medicare must use specific hospitals and, in some cases, doctors
to get the insurance benefits. In an emergency, persons with Medicare
may use any doctor or hospital.
To learn more about
Medigap, go to pages 2 and 3 of Doris' information sheets by
selecting the buttons below.
 
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