Medigap Polices Cover Which of the Following

question 1

Multiple Choice

Medigap polices cover which of the following?

• A) Difference between major medical reimbursement and patient financial responsibilities
• B) Difference between Medicare reimbursement and patient financial responsibilities
• C) Any services not covered under Medicare
• D) Any services not covered under Major medical

---

Definitions:

Priority Debts

Debts that are deemed more important than others and must be paid first in situations like bankruptcy proceedings.

Liquidated

To settle or pay a debt, often referring to the process of converting assets to cash.

Chapter 7 Petition

A legal document filed in a bankruptcy case that initiates the process for an individual or business to liquidate assets under the protection of Chapter 7 of the U.S. Bankruptcy Code.

Exemptions

Provisions in law allowing certain assets to be protected or income to be free from taxation or legal processes in specific situations.