Medicare Supplements, also called Medigap plans, are policies sold by private insurance companies to help cover the costs that Medicare leaves behind. Think of them as an additional layer of insurance, with Original Medicare (Parts A and B) acting as your primary coverage.
When you have a Medicare Supplement plan, Medicare pays first on your medical bills, covering the approved amounts. Your Medigap plan then steps in to pay for some or all of the remaining costs. The extent of coverage depends on the specific Medigap plan you have.
The ten Medigap plans are labeled with letters: Plans A, B, C, D, F, G, K, L, M, and N. Additionally, Plans F and G have high-deductible versions, often referred to as High-F or High-G.
