Medigap plans guide Medicare supplement plan coverage for qualified Medicare participants. Medicare supplement plans offered by approved private insurance companies extend additional coverage for medical services not covered under the original Medicare program. Particular medical elements fall into cost sharing percentages for Medicare participants, who must be enrolled in Medicare Parts A and B to take advantage of Medigap plans and Medicare supplemental coverage.
Cost sharing percentages consist of deductibles, co-payment fees and co-insurance necessities. Medicare programs are regulated by federal and state governments setting limits on the amounts that Medicare will pay for individual expenses. Medigap plans and Medicare supplement cover the co-insurance for hospital stays covered under Part A, including an additional 365 day after Medicare original benefits have been exhausted. Co-insurance out-of-pocket expenses covered by Medigap plans and Medicare supplement cover preventative care under Medicare Part B. The shared costs are percentages of the fees charged for these services or other expense items as a result of these visits.
Co-payments or co-insurance amounts for Medicare Part B are covered from 50 to 100 percent depending on the Medigap plans selected by the Medicare participant. These are both covered under Medicare Part A for hospice care according to plan allowances. Medigap plans cover the first three pints of blood charged; in some cases when blood is donated there is no charge under Medigap plans.
Depending on Medigap plans and the Medicare supplemental plan selected there may be additional benefits, which cover out-of-pocket expenses. They include skilled nursing care co-insurances, deductibles for Medicare Part A and B and excess charges associated with Medicare Part B may be covered by Medigap plans.