Medicare supplemental health insurance is the health insurance taken in addition to the Medicare insurance. Supplemental refers to the add-on nature of the insurance; it supports... moreMedicare supplemental health insurance is the health insurance taken in addition to the Medicare insurance. Supplemental refers to the add-on nature of the insurance; it supports the Medicare insurance by paying for costs that are not covered by Medicare. These include charges such as deductibles, copayments and coinsurance. Because it helps pay for gaps in the cost and reimbursements of the Medicare insurance, it is also called Medigap insurance. Private health insurers offer supplemental insurance plans; the prices for the plans vary from one insurer to another even for the same plan and medicare annual enrollment. Finding out the right plan is important from two aspects: getting the right supplemental insurance plan for your requirements, and getting it at the lowest cost.
Different Medicare Supplemental Insurance Plans and medicare annual enrollment
Centers for Medicare and Medicaid Services (CMMS), the federal agency that administers the Medicare program, has standardized the supplemental... less