MEDICARE SUPPLEMENT (MEDIGAP)
If you have Original Medicare and you purchase a Medigap policy, Medicare pays its share of the Medicare approved amount for covered health care costs, and then your Medigap policy pays its share.
Things to know about Medigap policies.
- You must have Medicare Part A and Part B.
- A Medigap policy supplements your Original Medicare benefits.
- You Pay a private insurance company a monthly premium for your Medigap policy. You pay this monthly premium in addition to the monthly Part B premium that you pay to Medicare.
- Any standardized Medigap policy is guaranteed renewable even if you have health problems. This means the insurance company can’t cancel your Medigap policy as long as you pay the premium.
- It’s illegal for anyone to sell you a Medigap policy if you have a Medicare Advantage Plan unless you’re switching back to Original Medicare.
Medigap policies don’t cover everything.
Medigap policies generally don’t cover long term care, vision or dental care, hearing aids, eyeglasses, private duty nursing or prescription drugs.