The basic Medicare Benefit plans – Part A and Part B (or Original Medicare) – are offered to individuals who turn 65 or have had 25 months of disability benefits. Original Medicare is designed to cover an extensive amount of medical and hospital expenses.
However, Medicare has out-of-pocket expenses. This is where Medigap insurance comes in handy. Medigap, or Medicare Supplement, helps to cover the co-insurance, co-payments and deductibles left behind.