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Medigap (Supplemental Insurance) Policies

Medigap (Supplemental Insurance) Policies definition - business

Medigap (Supplemental Insurance) Policies

Health insurance sold by private insurers that offers coverage for gaps (missing coverage) in Original Medicare Plan coverage. Insurance companies are only permitted to offer standardized policies that follow federal and state laws. A husband and wife must each have their own individual Medigap policies for this coverage.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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