Question 1

What is Medicare Supplement (Medigap) insurance?

Accepted Answer

Medicare Supplement (Medigap) insurance is a type of private insurance that can help pay for some of the out-of-pocket costs not covered by Original Medicare, such as deductibles, copayments, and coinsurance. It provides supplemental coverage to fill the "gaps" in Medicare.

Question 2

What is the difference between Medicare Advantage and Medicare Supplement plans?

Accepted Answer

Medicare Advantage plans are an alternative to Original Medicare, offering coverage for hospital, doctor, and sometimes prescription drug costs through private insurance companies. Medicare Supplement plans, on the other hand, work alongside Original Medicare to cover additional out-of-pocket costs.

Question 3

What is a Medicare Part D Prescription Drug Plan?

Accepted Answer

Medicare Part D Prescription Drug Plans are optional plans offered by private insurance companies to provide coverage for prescription drug costs. These plans can help lower the cost of your medications and provide access to a network of pharmacies.

Question 4

What is Final Expense insurance?

Accepted Answer

Final Expense insurance, also known as burial insurance or funeral insurance, is a type of life insurance that can help cover the costs associated with your funeral and other end-of-life expenses. It provides a lump-sum payment to your beneficiaries to help alleviate the financial burden on your family.

VIIA Insurance Agency Inc.

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About VIIA Insurance Agency Inc.

Frequently Asked Questions about VIIA Insurance Agency Inc.

What is Medicare Supplement (Medigap) insurance?

What is the difference between Medicare Advantage and Medicare Supplement plans?

What is a Medicare Part D Prescription Drug Plan?

What is Final Expense insurance?

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