Medigap coverage is offered to Medicare beneficiaries by which type of payer?

Prepare for the NHA Certified Billing and Coding Specialist (CBCS) Exam with engaging quizzes. Study with multiple choice questions, each offering hints and explanations, to enhance your understanding and readiness for the exam!

Multiple Choice

Medigap coverage is offered to Medicare beneficiaries by which type of payer?

Explanation:
Medigap is Medicare supplemental insurance sold to beneficiaries by private insurance companies. Although Medicare is a federal program, Medigap policies are issued and paid for by private third-party payers that contract with CMS. The private insurer handles the premium and claims for the standardized benefits, not the federal government, hospitals, or employer group plans.

Medigap is Medicare supplemental insurance sold to beneficiaries by private insurance companies. Although Medicare is a federal program, Medigap policies are issued and paid for by private third-party payers that contract with CMS. The private insurer handles the premium and claims for the standardized benefits, not the federal government, hospitals, or employer group plans.

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