What does Medicare Supplement mean? Read on to discover the definition & meaning of the term Medicare Supplement - to help you better understand the language used in insurance policies.
Insurance coverage sold on an individual or group basis to help fill the "gaps" in the protections granted by the federal Medicare program. This is strictly supplemental coverage and cannot duplicate any benefits provided by Medicare. It is structured to pay part or all of Medicare's deductibles and co-payments. It may also cover some services and expenses not covered by Medicare. Also known as Medigap" insurance.
We hope the you have a better understanding of the meaning of Medicare Supplement.