Which insurance plan offers supplementary coverage to assistance in paying Medicare deductibles and co-payments?

Medicare Supplement plans, often referred to as Medigap policies, are specifically designed to help cover costs not fully paid by Medicare. This includes covering deductibles, copayments, and coinsurance associated with Medicare Parts A and B. Medigap policies are sold by private insurance companies and are intended to fill the gaps in Original Medicare coverage, providing beneficiaries with more comprehensive financial protection against their healthcare costs.

Choosing a Medicare Supplement plan can significantly reduce out-of-pocket expenses for individuals who are enrolled in Medicare, as these plans cover some of the expenses that Medicare itself does not, thus supplementing existing Medicare coverage effectively.