Medicare Supplement (Medigap)
Medigap (also Medicare supplement insurance or Medicare supplemental insurance) refers to various private supplemental health insurance plans sold to Medicare beneficiaries in the United States that provide coverage for medical expenses not, or only partially covered, by Medicare. Medigap’s name is derived from the notion that it exists to cover difference or “gap” between the expenses reimbursed by Medicare and the total amount charged.
Medicare Prescription Drug Plan (PDP)
Medicare Part D, also called the Medicare prescription drug benefit, is a federal program to subsidize the costs of prescription drugs for Medicare beneficiaries in the United States.
Medicare Advantage Plan (MA)
Medicare Advantage (MA) is a health insurance program that provides an eligible person with the United States’ Medicare benefits. Medicare Advantage differs from the original Medicare model, which offered a standard plan provided directly by the state. In contrast, Medicare Advantage is offered by a private provider.
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