Medicare 101which of these describes you?
You will be financially responsible for the other 20% of any expenses, which could amount to a lot of money depending on your health needs.
First we need to understand that medicare Supplement plans are issued by private insurers designed to fill in some of the monetary “gaps” attributable to Medicare deductibles, co-pay requirements and benefit periods. Medicare Supplement Insurance (Medigap policies) pay for some or all of Medicare’s deductibles and co-payments not covered by Part A and Part B. Plans are standardized offering the exact same benefits.