What is the fundamental purpose of Medicare Supplement policies?

The fundamental purpose of Medicare Supplement policies, also known as Medigap policies, is to cover medical costs that are not paid by Medicare. Medicare itself provides a significant amount of health coverage for eligible individuals, primarily those over 65 years old, but it does not cover all expenses. There are various out-of-pocket costs associated with Medicare, including deductibles, copayments, and coinsurance, which the supplement policies are designed to help mitigate.

By purchasing a Medicare Supplement policy, beneficiaries can help pay for these additional costs, which can significantly reduce their financial burden associated with medical expenses. This coverage enhances the benefits provided by Medicare and helps ensure that individuals have more comprehensive health care coverage.

Options addressing long-term care, disability insurance, or specific coverage like vision and dental do not accurately represent the primary intention of Medicare Supplement policies. Thus, selecting the option that indicates the coverage of costs not payable under Medicare aligns directly with the key purpose of these policies.