What is "Medigap" insurance?

Medigap insurance, also known as Medicare Supplement insurance, is designed specifically to fill the gaps in coverage that Original Medicare does not fully address. This type of insurance can help cover out-of-pocket costs such as deductibles, copayments, and coinsurance associated with services covered by Medicare Parts A and B. Since Original Medicare does not cover all expenses, Medigap policies provide a valuable resource for managing healthcare costs more effectively.

In contrast, the other options do not fully capture the essence of Medigap. For instance, Medigap does not cover only hospital stays but rather helps with a variety of healthcare expenses associated with both hospital and outpatient care. It is also not primary insurance; instead, it is meant to supplement what Medicare already provides. Furthermore, Medigap does not focus solely on dental and vision services, as these are outside the scope of Medicare and typically require separate insurance plans. Thus, the defining role of Medigap as a form of supplemental insurance specifically intended to help cover costs not paid by Original Medicare is what makes the third choice the accurate one.