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What are Medigap policies?

Medigap policies are supplemental insurance policies sold by private insurers to help beneficiaries pay the coinsurance, copays, and deductibles associated with Medicare Parts A & B. Some Medigap policies also cover additional services, such as emergency medical care while traveling overseas, or prescription drugs. People who choose to buy Medigap policies must pay a monthly premium to the private insurance company that sold them the policy.

Medigap policies are standardized. The federal government has established 12 different types of plans, labeled A through L. Private insurers in every state except Massachusetts, Minnesota, or Wisconsin can sell any, all, or none of these standardized Medigap policies.

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Important: This content reflects information from various individuals and organizations and may offer alternative or opposing points of view. It should not be used for medical advice, diagnosis or treatment. As always, you should consult with your healthcare provider about your specific health needs.