Question

Medigap policies offer supplemental insurance covering the cost shared expenses such as the deductibles and 20 percent of durable medical equipment costs.

a. True
b. False:

Answer 1

The statement about Medigap policies is true, as they cover the costs like deductibles and 20% of durable medical equipment costs that Medicare Part B does not fully cover.

Step-by-step explanation:

The statement about Medigap policies is true. These policies are a form of supplemental insurance designed to cover the out-of-pocket costs not paid by Medicare, such as deductibles and coinsurance. Medicare Part B is an optional program that covers physician services, medical tests, and outpatient visits, requiring participants to pay a monthly fee, deductible charges, and copayments. Although the government covers roughly three-fourths of the costs, individuals might still need to pay a significant portion, including 20% for durable medical equipment under coinsurance terms. Medigap policies help manage these expenses by taking on some of the costs that Medicare does not, helping to alleviate financial burden for those who need frequent medical care.