Medicare Supplements (also called Medigap insurance) can help preserve or protect one’s finances by reducing out-of-pocket costs, providing predictable healthcare expenses, protecting against catastrophic healthcare costs, preventing the need to dip into retirement savings, and providing peace of mind.
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Medicare Supplement insurance, also known as Medigap, is private health insurance designed to help cover the gaps in Original Medicare (Part A and Part B) coverage. It helps pay for certain out-of-pocket expenses such as deductibles, copayments, and coinsurance.