Why Was Medigap Created?

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One response to “Why Was Medigap Created?”

1. 

   February 21, 2014

   Bob Vineyard

   The simple answer to why was Medigap created is this. Medicare doesn’t cover all your medical bills. Medicare Part A (the hospital portion) requires an up front, per admission deductible that is your responsibility. Medicare Part B (doctor and outpatient care) has an annual deductible that you must pay. You are also responsible for the 20% Part B coinsurance not paid by Medicare.

   Without Medigap your out of pocket expenses could run in the thousands of dollars.