Medigap This insurance is sold by private carriers and traditionally covers the 20 percent Medicare co-insurance you are responsible for. Federal law requires that there are 10, and only 10, standard types of Medigap policies available. These policies vary widely in the scope of their coverage. You should thoroughly familiarize yourself with the particular Medigap policy you are considering purchasing so that you have the coverage appropriate for your situation.
Medicaid This is a joint federal- and state-funded program for low-income individuals. It provides coverage for inpatient care, outpatient services, diagnostic testing, drugs, skilled nursing facility care and home health care. Each state has different rules about eligibility for the Medicaid program. Your local social service or welfare department is the best place to obtain information about Medicaid.
QMBE This is a program in which the state pays co-insurance and premiums for certain low-income Part B beneficiaries even if they don't qualify for Medicaid.
Traditional Indemnity Insurance Sometimes called "Major Medical Coverage," this is insurance sold by numerous private insurance companies. It is the most common type of insurance coverage for people not covered by Medicare or Medicaid. This insurance typically pays the usual fee for service each time you see your doctor.
