A Medicare supplement (Medigap) insurance, sold by private companies, can help pay some of the health care costs that Original Medicare doesn’t cover, like copayments, coinsurance, and deductibles.
If you have Original Medicare and you buy a Medigap policy, Medicare will pay its share of the Medicare-approved amount for covered health care costs. Then your Medigap policy pays its share.
The benefits of owning a Medicare Supplement Insurance Policy:
- Low Out-of-Pocket costs
- Choose your Doctors and Hospitals
- Coverage is Guaranteed Renewable
- Providers accept patients with Medicare Supplement Insurance
- Your coverage goes with you, anywhere in the United States
- Medicare Part D
Medicare Prescription Drug Plans are also known as Part D plans. They help you pay for prescription drugs. Medicare works with insurance companies and other private companies to offer many drug plans.
We recommend using the Medicare.gov plan finder tool to find which plan will provide coverage at the lowest overall cost which includes the monthly premium as well as the copays for your medications. Click here for a video that will show you how the plan finder works.