What is the most common method to supplement Medicare coverage?

The most common method to supplement Medicare coverage is through coverage offered by private insurers. This type of coverage, often referred to as Medigap insurance, is designed to fill the gaps in Medicare, such as out-of-pocket costs that Medicare does not cover, including deductibles, copayments, and coinsurance.

Private insurers provide a range of Medigap plans, which are standardized and regulated to ensure they meet certain criteria. These plans allow beneficiaries to manage their healthcare costs better, providing additional financial protection. Given that Medicare has several limitations and does not cover all healthcare expenses fully, many beneficiaries opt for these privately offered plans to enhance their coverage.

While Medicaid and government plans can also provide assistance, they are not the primary means by which Medicare coverage is supplemented for most beneficiaries. Employer-sponsored insurance may offer additional benefits, but it's less prevalent as a supplement for those who are already eligible for Medicare.