CMAA Practice Exam 2025 – Complete Guide for Exam Prep

Medigap, also known as Medicare Supplement Insurance, is designed specifically to supplement Original Medicare coverage. These policies help to cover certain expenses that Medicare doesn't fully pay for, such as copayments, coinsurance, and deductibles. One of the principal advantages of Medigap policies is that they are standardized and regulated by the federal government, which ensures a degree of uniformity across plans. This standardization helps consumers understand their options better, as the benefits of each plan type are the same regardless of which insurance company offers it.

The federal regulation of Medigap also means that there are specific rules governing how these policies can be marketed, which provides a layer of protection for consumers. By contrast, Medicaid is a state-run program that assists with medical costs for eligible individuals and does not supplement Medicare directly. Short-term health insurance is meant to provide temporary coverage and does not necessarily coordinate with Medicare. Long-term care insurance primarily covers services that assist with daily living activities but does not supplement Medicare benefits either.