Medigap

usgb/ˈmɛdɪˌɡæp/
noun

A type of private insurance that helps pay for medical expenses not covered by Medicare.

Many seniors choose to purchase a medigap policy to help cover their out-of-pocket medical costs.
Visual representation of "medigap" - A type of private insurance that helps pay for medical expenses not covered by Medicare.

Often appears as...

  • medigap policies
  • medigap insurance

Usage tips

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General

Definition 1 of 1
Visual representation of "medigap"
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Understanding Coverage

Medigap policies can vary widely in what they cover, and recipients should carefully review their options.

Illustration for Understanding Coverage
Many people buy a medigap policy to avoid unexpected costs.
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Choosing Wisely

Not all medigap plans are the same; understanding the differences is key to choosing the right plan.

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Always compare the benefits of each plan before making a decision.
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Financial Planning

Consider how medigap can fit into overall retirement and healthcare planning.

Illustration for Financial Planning
A good medigap plan can safeguard against high healthcare costs in later years.
Visual representation of the word "Medigap"

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