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

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 ?
Because Medicare Advantage plans often cover more things than Original Medicare, there's no need for a Medigap policy to supplement it.
As people approach 65, they might ask, "Do I need a Medigap plan?"
The "An Application to the Medigap Health Insurance Market" section describes our application.
About 31% of Medicare fee-for-service enrollees use Medigap coverage from private insurers, with an average annual premium of $2,400 per enrollee.
Jesse Slome, AAMSI's director, says the number of people with Medicare supplement insurance coverage, which is also known as Medigap coverage, has increased 7.5 percent in the past year, to 13.1 million.
Note that if you have a Medicare Advantage (Part C) plan, you don't need a Medigap plan, and it's illegal for anyone to sell you one unless you're in the process of switching back to Original Medicare.
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.com, the company said.
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.
A Medicare supplement policy, or Medigap policy, helps consumers fill in the many enormous coverage gaps left by the original Medicare Part A hospitalization plan and the Medicare Part B physician services plan.
If Medicare does not cover all your child's medical needs, you can look into purchasing a Medigap policy.