Original Medicare doesn’t fully cover all of your health care needs, and still has out-of-pocket costs. Deductible, copayments and coinsurance options are all costs you will still face as well as some aspects of your care not being covered at all. Medigap is one of your options when trying to cut certain residual costs. Rather than paying out of pocket, let your Medigap plan cover some of these costs, which works to supplement the costs you might have to pay for Original Medicare.
There are multiple Medigap Plans out there, labelled as plans A-N. All will include different options and payment structures. However, they will generally cover the following items:
Certain services not covered by Original Medicare, like blood transfusions or skilled nursing
Copayments, coinsurance and deductibles from Medicare Part A and Part B
Emergency care needed during foreign travel
You must carry Original Medicare (Parts A & B) and live within a plan’s coverage area to enroll. Keep in mind, supplemental plans do not offer Part D prescription coverage.