As you approach retirement age, it's important to consider your healthcare needs and how you will pay for them.

Medicare is a federal program that provides health insurance to people over 65, but it doesn't cover everything. That's where Medicare Supplement Insurance comes in.

Also known as Medigap, Medicare Supplement Insurance is a type of private insurance that helps cover some out-of-pocket costs associated with Medicare, such as deductibles, coinsurance, and copayments. There are several different plans available, each offering different levels of coverage.