Medigap is Medicare Supplement Insurance that helps fill "gaps" in
Original Medicare and is sold by private companies. Original Medicare pays for much, but not all, of
the cost for covered health care services and supplies. A Medicare Supplement Insurance (Medigap) policy can help pay some of the remaining health care costs, like:
Some Medigap policies also cover services that Original Medicare doesn't cover, like medical care when you travel outside the U.S. If you have Original Medicare and you buy a Medigap policy, here's what happens:
9 things to know about Medigap policies
Medigap policies don't cover everythingMedigap policies generally don't cover:
Insurance plans that aren't MedigapSome types of insurance aren't Medigap plans, they include:
Dropping your entire Medigap policy (not just the drug coverage)You may want a completely different Medigap policy (not just your old Medigap policy without the prescription drug coverage). Or, you might decide to switch to a Medicare Advantage Plan that offers prescription drug coverage. If you decide to drop your entire Medigap policy, you need to be careful about the timing. When you join a new Medicare drug plan, you pay a late enrollment penalty if one of these applies:
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Which of the following is a required provision for Medicare supplement policies?Answer C is correct. A Medicare Supplement Policy must contain a 30-day Free Look Provision on the first page of the policy in bold print.
What does a Medicare supplement cover quizlet?Medicare supplement, or Medigap, policies pick up coverage where Medicare leaves off. These policies supplement Medicare's benefits by paying most, if not all, coinsurance amounts and deductibles and paying for some health care services not covered by Medicare, such as outpatient prescription drugs.
What must be present in all Medicare supplement plans?Medicare Supplement insurance plans do not have to cover vision, dental, long-term care, or hearing aids, but all plans must cover at least a portion of the following basic benefits: Medicare Part A coinsurance costs up to an additional 365 days after Medicare benefits are exhausted.
Which of the following does Medicare Part A not provide coverage for?Please note that Medicare Part A hospital insurance does not cover the costs for a private room (unless medically necessary), private-duty nursing, personal care items like shampoo or razors, or other extraneous charges like telephone and television.
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