A Medicare cost-sharing plan is a type of Medicare Supplement coverage that can help beneficiaries enjoy generous benefits while cutting their monthly premium. Medigap cost-sharing plans can be great options for those who do not often require healthcare services. While the premiums are lower, it’s important to note that these coverage options require beneficiaries to cover costs associated with their healthcare, including:
Deductibles
Coinsurance
Copayments
Other healthcare-related expenses
Original Medicare (Medicare Part A and Part B) provides plenty of benefits. However, there are still leftover costs, which is why supplemental coverage can help beneficiaries cover plenty of healthcare-related expenses. But to do so means paying a monthly premium, and if you don’t often receive healthcare, it may feel as if the costs outweigh the benefits. Medicare cost-sharing plans are great options to help you save on premiums and still retain helpful benefits when you visit your healthcare provider.