Chartered Retirement Planning Counselor (CRPC) Practice Exam 2026 – Comprehensive All-in-One Guide for Exam Success!

The accurate statement about Medigap plans is that they cover out-of-pocket costs that Medicare does not. Medigap, also referred to as Medicare Supplement Insurance, is designed to help fill the "gaps" left by original Medicare coverage. This includes costs such as deductibles, copayments, and coinsurance, which Medicare Parts A and B do not fully cover. By having a Medigap plan, beneficiaries can reduce their overall out-of-pocket expenses and have more predictable healthcare costs.

The other statements do not accurately reflect Medigap plans. For instance, Medigap plans are not mandatory; they are optional for Medicare recipients who want additional coverage. They do not cover long-term care services, which are generally not included in Medicare or Medigap policies. Additionally, Medigap plans typically require premiums, making it essential for individuals to budget accordingly for these additional costs.