A medigap policy is a type of private insurance policy that is designed to cover the gaps or "gaps" in coverage left by Medicare. This means that medigap policies typically pay deductibles, co-pays, and other out-of-pocket costs that are not covered by Medicare. They do not provide free health care for all elderly persons or pay for the health costs of low-income individuals.

Solved

A "Medigap" Policy

Question 11

Multiple Choice

A "medigap" policy

A) pays deductibles and co-pays not covered by other elder insurance programs.
B) provides free health care for all elderly persons regardless of income.
C) pays the health cost of low-income persons over 65 years of age.
D) pays all the health costs of individuals poor enough to qualify.

Correct Answer: