What is the name of the private secondary insurance plan available for Medicare beneficiaries to cover gaps in coverage?

The private secondary insurance plan available for Medicare beneficiaries to cover gaps in coverage is known as Medigap. Medigap policies are designed to supplement Original Medicare by providing additional coverage for costs that are not fully paid by Medicare, such as deductibles, copayments, and coinsurance. Each Medigap policy is standardized and must follow federal and state laws, ensuring that consumers receive a certain level of protection and benefits.

Medigap is essential for individuals who want to reduce their out-of-pocket expenses related to healthcare services covered by Medicare. By enrolling in a Medigap plan, beneficiaries can manage their health care costs more effectively and ensure they have broader protection that Original Medicare may not fully provide.

Other options, although related to health coverage, serve different purposes. Health Maintenance Organizations (HMOs) and Medicare Advantage plans combine coverage for Medicare services but are not defined as supplemental insurance plans. Supplemental Insurance represents a broader category, but Medigap is the specific name associated with policies that fill gaps in Medicare coverage.