What Is Medigap?

Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

What is Medigap?

Medigap, also known as Medicare Supplement Insurance, is a type of health insurance policy offered by private companies to cover gaps in Original Medicare (Part A and Part B). This includes costs like co-payments, deductibles, and health care if you travel outside the U.S.

What Is Medigap

What Does Medigap Cover?

Medigap plans generally cover:

  1. Medicare Part A Coinsurance: Hospital costs after Original Medicare coverage is exhausted.
  2. Medicare Part B Coinsurance or Copayment: Charges for outpatient services.
  3. Blood: First three pints in a medical procedure.
  4. Part A Hospice Care Coinsurance or Copayment: Costs for hospice care under Part A.
  5. Skilled Nursing Facility Care Coinsurance: Charges for stays in skilled nursing facilities.
  6. Medicare Part A Deductible: Annual deductible for hospital services.
  7. Medicare Part B Deductible: Annual deductible for outpatient services (covered by some plans).
  8. Part B Excess Charges: Additional charges beyond what Medicare pays.
  9. Foreign Travel Emergency: Urgent medical care outside the U.S.
Define Medigap

Best Medigap Plans

  1. Mutual of Omaha
    • Reputation for excellent customer service.
    • Competitive pricing.
    • Variety of plan options.
  2. Aetna
    • Wide range of plan choices.
    • Strong financial stability.
    • Helpful customer resources.
  3. Blue Cross Blue Shield
    • Extensive network and coverage.
    • Trusted brand with various plan options.
    • Discounts and wellness programs.
  4. Humana
    • Offers extra benefits like vision and dental discounts.
    • User-friendly online resources.
    • Various plan types to suit different needs.
  5. United Healthcare
    • Requires joining AARP for policy purchase.
    • Extensive coverage and network.
    • Wide range of plan options.
What Does Medigap Cover


Medigap policies offer supplemental coverage to Original Medicare, covering various out-of-pocket expenses. Among the top providers, each offers distinct advantages, from Mutual of Omaha’s customer service to Humana’s additional benefits. It’s important to consider individual healthcare needs and preferences when choosing a plan.

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Frequently Asked Questions

Who is eligible for Medigap coverage?

Individuals enrolled in Medicare Part A and Part B are eligible for Medigap coverage.

What are the benefits of having a Medigap policy?

Medigap policies provide benefits such as lower out-of-pocket costs, coverage of deductibles and coinsurance, and the ability to see any doctor who accepts Medicare.

Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

Shawn Plummer is a Chartered Retirement Planning Counselor, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

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