Massachusetts Health & Accident Insurance Practice Exam

What is the main group that Medigap insurance is designed for?

1. People under 65

2. Individuals who are self-employed

3. Individuals who have enrolled in Medicare by age 65

4. Senior citizens in nursing homes

The correct answer is: Individuals who have enrolled in Medicare by age 65

Medigap insurance is primarily designed for individuals who have enrolled in Medicare by age 65. This supplemental insurance helps cover costs that are not fully paid by Medicare, such as deductibles, copayments, and coinsurance. It specifically targets those who are eligible for Medicare, which generally includes seniors who are 65 years or older, as well as some younger individuals with disabilities. While other groups, such as those under 65 or senior citizens in nursing homes, may have specific health insurance needs, the core focus of Medigap is to complement the Medicare benefits for those who are 65 and older. It is also not primarily aimed at self-employed individuals, as Medigap is about filling the gaps in Medicare coverage rather than addressing the needs of different employment statuses.