As individuals reach the age of 65, they become eligible for Medicare, the Federal health insurance program that provides coverage for hospitalization, medical services, and prescription drugs. However, Medicare coverage is not comprehensive, and individuals may face out-of-pocket expenses such as deductibles, copays, and coinsurance. This is where Medigap (Medicare Supplement plan) comes in as a supplemental insurance plan that helps fill the gaps in Medicare coverage.
Original Medicare often doesn’t cover all of your medical expenses. Learn more about how a Medicare Supplement Plan (or Medigap Plan) will save you money.
Like any massive insurance enterprise, Medicare is confusing. Medicare.gov offers hundreds of pages of explanation, but luckily the basics of the program aren’t difficult to grasp. As the cliché goes, however, the devil is in the details.
If you’re looking for an example of a large government program that’s difficult to understand, look no further than Medicare. The Medicare website contains hundreds of pages of information—few of which are easy reading.