Medicare Supplement Insurance

Medicare Supplement Insurance

Medicare Supplement Harman Stone


Medicare Supplement Insurance - sometimes referred to as Medigap Insurance - refers to various private health insurance plans sold to supplement Medicare in the U.S.  Medicare Supplement Insurance provides coverage for many of the co-pays and some of the co-insurance related to Medicare-covered hospital, skilled nursing facility, home health care, ambulance, durable medical equipment, and doctor charges.  Medicare Supplement Insurance is derived from the notion that it exists to cover or supplement the difference or "gap" between the expenses reimbursed to providers by Medicare Part A and Part B for the preceding named services and the total amount allowed to be charged for those services by the U.S. Centers for Medicare and Medicaid Services (CMS).  As of 2006, 18% of Medicare beneficiaries were covered by a Medicare Supplement Insurance Policy.  Public-option Part C Medicare Advantage health plans and private employee retiree insurance provides a similar supplemental role for almost all other Medicare beneficiaries not "Dually Eligible" for Medicaid.