Medicare Supplement Plans, commonly referred to as Medigap, are designed to bridge the gap left by Original Medicare. While Medicare Part A and B cover about 80% of your hospital and medical expenses, Medigap plans help cover the remaining out-of-pocket costs, including copayments, coinsurance, and deductibles. These plans are offered by private insurance companies and can provide significant financial relief, ensuring that unexpected medical expenses don’t burden your finances. With various Medigap plans available, you can select the coverage that best fits your needs and budget.