Many people ask, “How much does supplemental health insurance cost for seniors?
This is where Medigap comes in. Also known as Medicare supplemental insurance, Medigap is a group of standardized plans intended to help cover gaps in Original Medicare health insurance. In this regard, it will not be very helpful to establish an average cost, since the price of the plans can vary between $50 and $300 per month, or even more depending on where you live and the amount of coverage needed.
We can rephrase the question: How much coverage can I get that I can afford? And, can I save money on a Medigap plan and still have coverage for my major medical expenses? How? In the following lines, we’ll try to answer those questions and provide some extra information.