Medicare Additons

Are Medigap and Medicare Supplement the Same Thing?

Yes, Medigap and a Medicare Supplement plan refer to the same type of coverage. Medigap fills the “gaps” in benefits typically provided by Medicare Parts A and B. A Medicare Supplement plan is optional, and you have several choices if you decide to add this coverage to your Original Medicare coverage.

Medicare-approved insurance companies sell Medicare Supplement plans to eligible consumers, but the plans must provide specific benefits according to your state’s laws.

Is There a Difference Between Medigap and Medicare Advantage?

Yes, there is a difference between Medigap and Medicare Advantage plans. A Medicare Advantage plan is also called Medicare Part C and is an alternative to Original Medicare. If you are ready to sign up for Medicare, you must choose between a Medigap plan and a Medicare Advantage plan or forgo this coverage. You can’t purchase both Medigap and Medicare Advantage.

Both Medigap and Medicare Advantage plans may provide additional coverage to help Medicare-eligible individuals pay for co-pays and coinsurance not covered by Original Medicare (Parts A and B). Original Medicare pays for an average of 80% of all medical costs, depending on your healthcare needs. Purchasing a Medigap or Medicare Advantage plan can help you cover additional healthcare costs, depending on the plan.