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Medicare Solutions

| April 21, 2014 8:06 AM

Medicare Supplemental Insurance (Medi-Gap) is a private health insurance policy that is designed to supplement Original Medicare (Part A and Part B). This means it helps pay some of the health care costs, or “gaps” that Original Medicare doesn’t cover (like copayments, coinsurance and deductibles). Every Medigap policy must follow federal and state laws designed to protect you. Medigap insurance companies can only offer you a “standardized” plan. Each standardized plan must offer the same basic benefits, no matter which insurance company provides it. In most states these are sold as plans A through L. Generally, if you buy a Medi-Gap policy; you must also have Medicare Part A and Part B.

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