Dale,age 65,was dismayed to learn about all of the deductibles,co-pays,limits,and exclusions in the Medicare program.Dale bought a type of health insurance specifically designed to supplement Medicare,and selected his coverage from among 12 standard policies that private insurers offer.What type of health insurance did Dale purchase?

Question

Quizplus · Accepted Answer

Dale purchased Medigap insurance which is designed to supplement Medicare and covers the deductibles, co-pays, limits, and exclusions of Medicare. It is offered by private insurers and has 12 standard policies to choose from. Long-term care insurance covers the costs of long-term care, major medical insurance covers catastrophic medical expenses, and viatical insurance involves selling a life insurance policy for cash.

Dale,age 65,was Dismayed to Learn About All of the Deductibles,co-Pays,limits,and