What is a Medigap Policy?
In Wisconsin, a Medigap policy is a medicare supplement policy issued under the approval of the State of Wisconsin Insurance Commissioner's office. This is individual health insurance sold by private insurance companies. A supplemental policy is designed to pay the deductibles, copayments, and coinsurance amounts after the original Medicare A&B. Medigap policies help pay some of the health care costs that the original Medicare program does not cover.
In Wisconsin, there are 9 basic core benefits that every policy must provide. There are 5 optional benefit riders that you can choose to add to the basic policy for an additional premium. The optional riders will increase your coverage and premium costs.
To read more about Medigap (Medicare Supplement) plans go to Medigap Helpline/SHIP listed under HOME on the main menu and click on Medicare Supplement Insurance.