What does Medigap insurance provide?

Medigap insurance, also known as Medicare Supplement Insurance, is designed specifically to fill the coverage gaps that exist in Medicare. Medicare itself provides a range of health services, but it does not cover all medical expenses. For instance, there may be deductibles, copayments, and coinsurance that patients are responsible for even after Medicare pays its share.

By having Medigap insurance, beneficiaries can reduce their out-of-pocket costs related to these gaps. Medigap plans cover a variety of expenses such as copayments, coinsurance, and deductibles that Medicare does not fully pay for. This means that with a Medigap policy, individuals can have a more comprehensive healthcare coverage experience, reducing the financial burden associated with healthcare costs not covered by Medicare alone.

The other options would not accurately describe Medigap insurance. For example, it does not cover only skilled nursing facilities or preventive care services, and it does not pay for all medical expenses in full. Thus, option B accurately reflects the role of Medigap insurance in providing supplementary coverage to Medicare.