Medicare: What is a Medicare Supplement or Medigap plan?

Medicare Supplement Plans are also referred to as Medigap Plans.

Medicare can be confusing and the terminology doesn’t help.  We’re going to dedicate a few posts to give simple explanations regarding Medicare Supplement Plans, also known as Medigap Plans. These terms are used interchangeably to describe the same product.
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Four Tips to Understanding Medicare That Can Save Money

Understanding Medicare is simple, right? Actually, Medicare can be complicated. However, we provide you with some simple tips that clear up the main misconceptions regarding Medicare coverage.

In a recent Market Watch article, Kristen Gerencher provides insight into these misconceptions that could end up costing you money. Here is a list of these common misconceptions. I have linked to the main article below as well but, here are the bullet points. [Read more…]