Medicare Supplement Plans, or Medigap, are private insurance policies designed to fill the "gaps" in coverage left by Original Medicare (Parts A and B). These plans are offered by private insurance companies and are standardized by the federal government, meaning that each plan provides the same basic benefits regardless of the insurance company offering it. However, insurance companies may offer additional benefits beyond the standardized ones. In Chapter 1, we embark on an exploration of Medicare Supplement Plans, commonly known as Medigap. This chapter aims to provide a comprehensive understanding of what these plans entail, the distinctions between Medicare Supplement and Medicare Advantage, the various types of Medicare Supplement Plans available, how they work, and concludes with a summary of the key points discussed. What are Medicare Supplement Plans? Chapter 1: Exploring Medicare Supplement Plans 202404PMED1SUPP 6 www.Postal-Service-Health-Benefits-Program.com
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