Medigap


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Medigap

(mĕd′ĭ-găp′)
n.
Private health insurance designed to supplement the coverage provided under governmental programs such as Medicare.

Medigap

[med′igap]
a health insurance policy sold by a private insurance company to fill gaps in coverage of a person's original Medicare plan.

Medigap

A generic term for employer-sponsored, individually purchased health insurance that supplements Medicare reimbursement for medical services. As Medicare pays physicians for services according to its own fee schedule, regardless of what the physician charges, a patient may be required to pay the physician the difference between Medicare’s reimbursable charge and the physician’s fee; Medigap is meant to fill this gap in reimbursement so that the Medicare beneficiary is not liable for the difference.

medigap

Managed Care A generic term for employer-sponsored, individually purchased health insurance that supplements monies reimbursed by Medicare for medical services
References in periodicals archive ?
Therefore, we conducted a sensitivity analysis using this plan as the Medigap premium.
More retirees are feeling financial comfortable and they value the added choice and options available when they have Medigap coverage as a supplement to their Medicare coverage," Slome adds.
Related: Lawyer: Selling no-gap Medigap will be a crime
Jesse Slome, AAMSI's director, says the number of people with Medicare supplement insurance coverage, which is also known as Medigap coverage, has increased 7.
Be aware of the underwriting terms of the Medigap policy their customer is purchasing because this has implications for the future: Premiums are increasing.
11 December 2015 - US-based insurance industry-focused online marketing firm Excel Impact has acquired online healthcare information site Medigap.
Lobbyists and aides have said negotiators discussed requiring Medigap beneficiaries to pay $250 out of pocket, which proponents say would discourage people from unneeded medical expenses.
The reformers do have their knives out for Medigap products: Some would like to kill the plans that do the most to protect the enrollees from out-of-pocket costs, based on the principle that protecting patients against "skin in the game" encourages them to turn seeing doctors into a hobby.
The fact that the lion's share of our clients opt for the more traditional and significantly more expensive Medigap plans goes to show that not all beneficiaries make their decisions based on price.
Therefore, seniors who sign up for a Medicare Advantage plan don't need a Medigap policy and, often, don't need to buy a Part D plan, either.
The federal government does not sell or service insurance, but regulates the coverage offered by Medigap insurance.
As a result, insurance policies, called Medigap policies or Medicare supplement policies, are available to cover required coinsurance payments, copayments, and deductibles.