While Medicare is a wonderful tool for seniors to help pay for medical expenses, there are some things that Original Medicare just doesn't cover. This is where a Virginia Medicare Supplement plan (also known as a Medigap plan) steps in. Like a Medicare Advantage plan, a Medigap plan is offered through a private insurance provider. However, the two are not equal. Medicare supplement plans and Medicare Advantage are completely different types of plans.
HOW DO MEDIGAP PLANS WORK?
Some Medicare Supplement plans in Virginia offer additional insurance coverage that Original Medicare does not, but typically do not cover things like dental, vision, or hearing services. Medigap plans usually cover costs like copayments, coinsurance, and deductibles. They do not include prescription drug coverage, so you would need to join a Medicare Prescription Drug Part D plan for those expenses. As with any insurance policy, there are premiums and deductibles associated with Medicare Supplement plans, and these can vary between plans.
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