Medigap enrollment grows

Consumers who buy Medicare supplement (Medigap) insurance would just as soon minimize their level of skin in the game.

Analysts at Mark Farrah Associates have published data supporting that conclusion in their latest review of Medigap issuer financial statement filings.

The analysts found that the number of people with Medigap coverage increased to 10.5 million by the end of 2013, up 3.8 percent from the total recorded a year earlier.

In an effort to reduce consumer confusion and help consumers compare plans when shopping, Congress requires Medigap issuers to sell standardized packages designated by letters.