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
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.
Similar Questions
There are Public health insurance plans for a vulnerable groups, Medicare and Medicaid.Fill the spaces below with the correct one either: Medicare or Medicaid.
Which of the following is a plan that is funded solely by employers and gives you a pool of money to spend on health care?
Which program covers the most beneficiaries:Group of answer choicesMedicareMedicaidCHIP
hich of the following is NOT an example of public insurance policies?Indian Health ServiceMedicareMilitary Health SystemEmployer sponsored plan
Which of the following is a provision of the Patient Protection and Affordable Care Act?
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.