Why Were Medigap Plans Implemented?

Written by

Comments

December 1, 2014

Everett Young

Medigap policies came into being because Medicare doesn’t cover everything. And what it does cover, it does so with deductibles and co-pays. The deductible for a hospital pay is over $1200/stay. The co-pays for physicians services and tests are about 20%. Medigap plans came into being to protect the consumer from high unexpected out-of-pocket costs.

You must be logged in to post a comment.