Medigap insurance, also known as Medicare Supplement insurance, is designed to help cover the costs that Original Medicare (Part A and Part B) doesn't pay for. Here are some of the expenses that Medigap insurance can help with:
1. Medicare Part A coinsurance and hospital costs: Medigap insurance can help pay for the coinsurance and hospital costs that are not covered by Medicare Part A.
2. Medicare Part B coinsurance or copayment: Medigap insurance can help cover the coinsurance or copayment required for Medicare Part B services.
3. Blood: Medigap insurance can help cover the cost of the first three pints of blood needed for a medical procedure.
4. Part A hospice care coinsurance or copayment: Medigap insurance can help cover the coinsurance or copayment required for hospice care under Medicare Part A.
5. Skilled nursing facility care coinsurance: Medigap insurance can help cover the coinsurance required for skilled nursing facility care under Medicare Part A.
6. Part A deductible: Medigap insurance can help cover the deductible for Medicare Part A.
7. Part B deductible: Medigap insurance can help cover the deductible for Medicare Part B.
8. Part B excess charges: Medigap insurance can help cover the excess charges that may be billed by healthcare providers who don't accept Medicare assignment.
It's important to note that Medigap insurance plans are standardized and regulated by the federal government, but the coverage options may vary depending on the state you live in. It's recommended to compare different Medigap plans to find the one that best suits your needs and budget.
Please keep in mind that Medigap insurance does not cover prescription drugs. If you need prescription drug coverage, you may want to consider enrolling in a Medicare Part D prescription drug plan.
I hope this helps! Let me know if you have any other questions.