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January 16, 2024

Do you really need supplemental insurance (Medigap) with Medicare?

  • Paying more upfront for premiums could pay off by limiting your future out-of-pocket spending.
    • By ALEX ROSENBERG
    NerdWallet

    Image from iStockPhoto
    Medigap premiums would add to your monthly health care bills but could buy you peace of mind by covering higher potential costs down the road.

    About 41% of Original Medicare beneficiaries had Medicare Supplement Insurance, or Medigap, in 2021, according to a February 2023 report summarizing enrollment data from AHIP, a national health insurance trade association. For the other 59%, Medicare has some “gaps” that could be costly.


     
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