(What Are Medicare Supplement Plans? | Medicare Monday)

"Medicare Supplement plans complement original Medicare. They're also sometimes called Medigap policies. These plans cover most of your out-of-pocket costs under parts A and part B of Medicare. Medicare Supplement insurance policies, which are sold by private companies, can help pay most of your healthcare costs that original Medicare doesn't cover like copayments, coinsurance, and deductibles. Every Medigap policy must follow federal and state laws designed to protect you. Insurance companies can sell only standardized Medigap policies which means the coverage is the same with all carriers. These are year-to-year renewable and are not subject to change".

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--Content--
0:00 - Intro
0:15 - What are Medicare Supplement plans?
0:45 - How can I choose the best policy for myself?
1:06 - Where can a person go to get help with all of this?