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What is a Medigap plan?

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If you enroll in an original Medicare plan, a Medigap policy acts as supplemental insurance. It pays some of the costs that Medicare doesn’t, such as copayments and deductibles.

During your Medigap open enrollment period you can buy any Medigap policy that’s available to you, regardless of your health.

But after that, you may not be able to get one, and that may be a major disadvantage if something serious comes up and you need expensive services. If you chose a Medicare Advantage plan instead of original Medicare but decide you're not happy with it, you can leave the program within the first 12 months to join or return to original Medicare (this is known as a trial right). If you had a Medigap policy before buying a Medicare Advantage plan or you bought the Medicare Advantage plan when you first turned 65, you will still be eligible to buy a Medigap policy.

From: 9 Things You Didn’t Know About Medicare WebMD Medical Reference

Reviewed by Sarah Goodell on September 16, 2019

Medically Reviewed on 9/16/2019

SOURCES:

Social Security Administration: “History of SSA During the Johnson Administration 1963-1968.”

Medicare.gov.

Tricia Neuman, senior vice president, Kaiser Family Foundation; director, Program on Medicare Policy and Project on Medicare’s Future, Kaiser Family Foundation.

Deborah Chollet, senior fellow, Mathematica Policy Research.

Steve Zuckerman, PhD, co-director and senior fellow, The Urban Institute.

Stacy Sanders, federal policy director, Medicare Rights Center.

Reviewed by Sarah Goodell on September 16, 2019

SOURCES:

Social Security Administration: “History of SSA During the Johnson Administration 1963-1968.”

Medicare.gov.

Tricia Neuman, senior vice president, Kaiser Family Foundation; director, Program on Medicare Policy and Project on Medicare’s Future, Kaiser Family Foundation.

Deborah Chollet, senior fellow, Mathematica Policy Research.

Steve Zuckerman, PhD, co-director and senior fellow, The Urban Institute.

Stacy Sanders, federal policy director, Medicare Rights Center.

Reviewed by Sarah Goodell on September 16, 2019

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