Medigap coverage is offered to Medicare beneficiaries by what type of entity?

Medigap coverage, also known as Medicare Supplement Insurance, is specifically designed to fill in the gaps of Medicare coverage for beneficiaries. This type of insurance is offered by private insurance companies, which is why the response identifying private third-party payers is correct.

These private insurers are responsible for providing various Medigap plans that help cover costs not paid by Medicare, such as copayments, coinsurance, and deductibles. Each plan is standardized by Medicare, but the rates and services can differ from one private insurer to another, allowing beneficiaries to choose a plan that best fits their needs.

The options of government programs, state-funded programs, and nonprofit organizations do not align with how Medigap is structured. Government programs primarily include Medicare itself, while state-funded programs may refer to Medicaid, which serves different purposes. Nonprofit organizations may provide support or information about Medigap, but they do not sell the insurance policies directly.