What does a Medigap policy primarily cover?

A Medigap policy, also known as Medicare Supplement Insurance, is designed specifically to cover out-of-pocket medical costs that are not fully paid by Medicare. This includes deductibles, copayments, and coinsurance for services covered by Medicare Part A and Part B. By providing these additional benefits, Medigap helps to minimize the financial burden on beneficiaries who rely on Medicare for their healthcare needs.

While preventive care services, long-term rehabilitation expenses, and home health services are important aspects of healthcare, they are not the primary focus of a Medigap policy. Medigap is intended to fill the gaps in Medicare coverage, emphasizing assistance with costs that Medicare does not pay, thereby ensuring that seniors have better access to necessary medical care without facing excessive out-of-pocket expenses.