Medicare Supplement Insurance
/ˈmɛdɪˌkɛr ˈsʌplɪmənt ɪnˈʃʊərəns/
Definitions
- (n.) Private insurance that covers costs not paid by Medicare Parts A and B, such as copayments, coinsurance, and deductibles.
She purchased Medicare Supplement Insurance to help cover her out-of-pocket medical expenses.
- (n.) Also known as Medigap, these plans standardized by federal law help beneficiaries reduce gaps in Medicare coverage.
Medicare Supplement Insurance plans are standardized and labeled A through N to facilitate comparison.
Forms
- medicare supplement insurance
Related terms
See also
Commentary
Ensure clarity between Medicare Supplement Insurance and Medicare Advantage plans; the former supplements Original Medicare whereas the latter replaces it.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.