What do "medigap" policies aim to address?

"Medigap" policies are specifically designed to fill the gaps in healthcare expenses that are not covered by Medicare. These additional private insurance plans help cover costs such as deductibles, copayments, and coinsurance that traditional Medicare benefits leave unpaid. This is particularly important for seniors who often face high medical bills, as Medicare itself does not cover all healthcare costs.

The focus of Medigap policies is to provide supplementary coverage, which allows beneficiaries to better manage out-of-pocket expenses related to hospitalization, doctor visits, and various treatments. By addressing these gaps, Medigap plays a crucial role in ensuring that seniors have access to necessary healthcare without facing prohibitive costs.

Other options, while they may pertain to aspects of health coverage, do not accurately reflect the primary purpose and functionality of Medigap policies. Life insurance, for instance, provides financial support after death, which is unrelated to Medicare coverage. Hospitalization insurance for seniors may refer to Medicare itself and is not an additional supplement provided by Medigap. Short-term health benefits are designed for temporary coverage and do not address the ongoing needs of seniors who rely on Medicare for their long-term healthcare solutions.