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A Medicare supplement insurance policy sold by private insurance companies to fill "gaps" in Original Medicare Plan coverage. It may pay deductible, coinsurance amounts, and so forth. It does not include limited benefit coverage, such as "specified disease" or "hospital indemnity" coverage. It excludes a policy or plan offered by an employer or labor organization.
A Medicare supplement insurance policy sold by private insurance companies to fill "gaps" in Original Medicare Plan coverage. Except in Massachusetts, Minnesota and Wisconsin, there are 10 standardized plans labeled Plan A through Plan J. Medigap policies only work with the Original Medicare Plan.
Many people who get their Medicare through Original Medicare buy "Medigap" or Medicare supplement insurance policies to fill "gaps" in Original Medicare coverage.
A privately purchased insurance policy that supplements Medicare coverage and meets specified requirements set by federal statute and the National Association of Insurance Commissioners.
An individual health insurance contract that covers certain expenses not covered by Medicare. These expenses include such items as deductibles, copayments, and noncovered services like prescription drugs. et Payment Cost Index: A method of estimating the net cost of life insurance on a time-value-adjusted basis if the policy's death benefit is paid at the end of a specified time period.
Supplemental insurance policies that "fill in the gaps" of Medicare coverage. There are 12 standard plans (Plan A - Plan L) except in Massachusetts, Minnesota, and Wisconsin, which differ. For more information on Medigap Policies, click here
A Medicare supplement insurance policy sold by private insurance companies to fill "gaps" in original Medicare coverage. Network pharmacy A pharmacy that is under contract with a Medicare prescription drug plan. Plan members must get their prescriptions filled at a network pharmacy.