What Is It? Medigap, also known as Medicare Supplemental Insurance, is offered by private insurance companies to fill the health care coverage "gaps" left open by Original Medicare. There are 10 types of Medigap Plans. They are Plans A, B, C, D, F, G, K, L, M and N. Not every insurer offers all 10 plans, and prices can vary, but the benefit coverage is the same across companies as they are standardized plans.
Why Get It? With Original Medicare it doesn't cover all services at 100% so there will be "gaps" that need to be filled. Supplementing your coverage with a Medicare Supplement Plan can reduce the amount you pay out-of-pocket when using the benefits.
Some Medigap Plans also provide you with additional coverage, such as emergency health care when you are travelling internationally, and nursing-facility care that may not be covered under Original Medicare.
When Can I Enroll? You must enroll during the Medigap Enrollment Period which begins 6 months after you turn 65. Remember, you must have Original Medicare to finish enrollment.
If you miss the Medigap Enrollment Period, you can still get a plan. However, insurers are not required by law to accept your enrollment as when you are first eligible, and can deny you coverage based on preexisting conditions.
* Disclaimer: The cited source is not endorsed by Medicare. It is an independent publication. Data is used for illustration purposes only. The relationship between a plan provider and the source of information is not established on this website.