Medicare Supplement Insurance, also known as Medigap, covers out-of-pocket costs not covered by Original Medicare (Parts A and B), such as copayments, coinsurance, and deductibles. Sold by private insurance companies, Medigap policies provide additional financial protection alongside Original Medicare coverage, with standardized benefits for easier comparison and selection.
Annuities
Annuities are financial products designed to provide a steady income stream, typically for retirement. Annuities can be structured in various ways, including fixed, variable, and indexed, to meet different financial goals and risk tolerances. They offer benefits such as guaranteed income, tax-deferred growth, and protection against outliving your savings.