Glossary
Plain-language definitions of insurance terms.
- Medicaid
- A joint federal and state program that provides health coverage to eligible low-income individuals and families. Eligibility rules and covered benefits vary by...
- Medical Payments Coverage (MedPay)
- Optional auto coverage that pays medical bills for you and your passengers after an accident regardless of fault, usually in smaller limits than PIP.
- Medicare Advantage
- A Medicare-approved plan offered by private insurers that bundles Part A and Part B coverage, often with extra benefits. Networks and out-of-pocket costs vary b...
- Medigap
- Private insurance, also called Medicare Supplement, that helps pay costs Original Medicare does not cover, such as certain copayments, coinsurance, and deductib...
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