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Chapter 12. Medicare > Medigap Insurance

Medigap Insurance

The cost of the various deductibles, coinsurance and copayments can quickly add up to a tidy sum or a messy amount, but regardless of how you characterize it, it represents a lot of money. Meeting the need for additional insurance coverage to pay for those potentially large costs are insurance policies commonly called “Medigap” insurance policies.

Largely due to legislation passed in 1992, Medigap policies have been standardized into 10 types of policies, which are designated by the letters of the alphabet from A to J. The A policies are the most rudimentary, and the J policies are the ones with all of the bells and whistles. As you would imagine, the premiums for the policies also increase as you go up the alphabet. The plans offer varying combinations of benefits that permit consumers to pick the policy that is most appropriate for them. For example, Plans C through J will provide emergency care in a foreign country, Plans F, I and J cover the cost of certain preventive medical care, and Plan G covers 80% of the cost of physicians’ fees over the Medicare-approved amount.


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