A Medigap policy is a health insurance policy sold
by private insurance companies to fill "gaps" in
Original Medicare Plan coverage. Medigap policies
must follow federal and state Laws. These laws
protect you. The front of the Medigap policy must
clearly identify it as "Medicare Supplement
Insurance."Each policy has a different set of benefits. Two
of the standardized policies may have a high
deductible option. In addition, any standardized
policy may be sold as a "Medicare SELECT" policy.
Medicare SELECT policies usually cost less because
you must use specific hospitals and, in some cases, specific doctors to get full insurance benefits from the policy. In an emergency, you may use any doctor or hospital.