What does Medigap Policy mean? Read on to discover the definition & meaning of the term Medigap Policy - to help you better understand the language used in insurance policies.
Also known as Medicare supplemental insurance, various private health insurance plans sold to supplement Medicare in the United States. It covers many of the co-payments and some of the coinsurance charges related to Medicare-covered hospital, home health care, ambulance, skilled nursing facility, medical equipment, and physician charges. Some Medigap policies insure extra benefits not covered by Medicare.
We hope the you have a better understanding of the meaning of Medigap Policy.