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Medigap policies are purchased by enrollees via private health insurance companies to supplement their Medicaid coverage.Group of answer choicesTrueFalse

Question

Medigap policies are purchased by enrollees via private health insurance companies to supplement their Medicaid coverage.

Group of answer choices

  • True
  • False
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Solution

The statement is False. Medigap policies are actually designed to supplement Medicare coverage, not Medicaid coverage. Medigap, or Medicare Supplement Insurance, helps cover some of the healthcare costs that Medicare does not pay for, such as copayments, coinsurance, and deductibles.

These policies are offered by private health insurance companies and can help beneficiaries manage out-of-pocket expenses associated with Medicare. On the other hand, Medicaid is a different program that provides health insurance to individuals and families with low incomes, and it does not require or allow the purchase of supplemental insurance from private insurers like Medigap. Therefore, this statement is incorrect as it conflates two distinct health coverage options.

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