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5. What is a Medigap policy?

Medigap policies are sold by private insurance companies. They can help cover deficiencies in Original Medicare, such as copays, coinsurances, and deductibles.

  • You will generally have to pay a monthly premium while also paying for Part B.
  • They only cover one person.
  • You must have Medicare Parts A and B.
  • You may not have a Medicare Advantage plan and a Medigap policy at the same time.

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