Medicare helps to pay for a wide variety of health services, from flu shots to hospital stays, and from preventive health screenings to hospice care.
But it doesn’t cover everything. And it doesn’t cover all your out-of-pocket costs.
Many services covered by Medicare require co-payments, coinsurance, and deductibles. You can purchase supplemental insurance to cover these “gaps” in Medicare.
Such coverage is called Medicare Supplement Insurance, or Medigap. Some Medigap policies also cover certain benefits that Medicare doesn’t, like emergency care in a foreign country.
