Medigap Supplemental Insurance Plans

Medigap is an extra medical insurance plan that you purchase from a private company to pay for costs not originally covered by Original Medicare such as deductibles, copayments, and medical care when you travel outside the United States. However, Medigap policies do not cover long term medical care, hearing aids, dental care, eyeglasses, vision care, private duty nursing, and most plans do not also cover prescription drug benefits. If you are a regular user of the healthcare system, it would be ideal to buy a Medigap plan as it would save you costs in the long run. Be Educated On All Medigap Plans Before choosing the right Medigap plan , you must be well informed about your choices. 10 Medigap benefits (A, B, C, D, F, G, K, L, M, and N) have been designed by the government with each varying slightly in their coverage. You can make Medigap comparisons using medicare.gov . There you would find all the details you need in a single chart. Your choice of Medigap policy should not be a...

You are on the right track if you understand that with Medigap insurance plans you are required to pay a monthly premium rate for a policy.  These policies help you pay for certain health care costs that are not covered by the Original Medicare Part A and Part B such as health care if you travel overseas, co-payments, and deductibles. You also cannot buy a Medigap insurance plan if you are under the age of 65 or if you already have Medicare Part A and Part B, which essentially cover hospital services and the cost for doctor services. Why Choose a Medigap Policy Additionally, Medicare policies do not cover private duty nursing, long-term care in a nursing home, routine dental and vision care, eyeglasses, or hearing aids. If you are planning to purchase a Medigap plan , the open enrollment period is six months from the first day of the month of your 65th birthday. You can buy a Medigap insurance plan from a private insurance company or through an independent agent who represent...

If you have Medicare Advantage, you know there can be many limitations. There can be many advantages to switching to a Medigap plan . By learning a bit more about this insurance coverage, you’ll better be able to determine if you should make the switch to Medigap. Comparing Medigap and Medicare Advantage Medigap is a bit different than Medicare Advantage. You’ll still need your basic plan. Medigap is basically extra help insurance that will cover the extra costs that are not covered by your original Medicare. Medigap is sold by private insurance companies. The meaning of its name covers what it does, “covering gaps in your regular insurance plan”. Let’s cover some comparisons between the two types of insurances so you have a better understanding if you need Medigap. Many Americans are facing escalating medical costs and have discovered that Medicare only covers some of them. Medigap covers the costs that aren’t covered by your other plan. Just some of the costs that Medigap cove...