Medigap insurance policies are sold by private insurance companies and are designed to supplement Medicare. There are 10 Medigap policies labeled A through J. Since policies with the same letter designation are required by federal law to provide the same benefits, they are easily comparable. In other words, no matter what company sells the policy, all Medigap A policies cover the same set of services, all Medigap B policies cover the same set of services, etc.
When purchasing Medigap insurance, shop around. Policies offering the same benefits can vary greatly in price. In addition, you want a policy that truly supplements Medicare—that is, one that will pay that portion of the bill not covered by Medicare as well as cover some additional health services not provided by Medicare. However, policies that provide benefits over and above those covered by Medicare will tend to be more expensive.
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