Medigap Supplemental Insurance Plans

Medigap Insurance is a supplemental insurance policy to Original Medicare since it doesn’t cover everything. Where Medicare Insurance falls short, Medigap is used to fill in the gaps. You can purchase Medigap from a private insurance company and use it to cover any expenses you might have under Medicare like deductible and co-pays left by Medicare Part A and Part B. Medicare doesn’t cover things like dentures, long-term care like assisted living, hearing aids and exams, acupuncture, routine foot care and more.  Medigap supplemental insurance can cover these sorts of expenses, which is why many seniors opt to obtain Medicare supplemental insurance. To qualify for Medigap insurance enrollees must be enrolled in both Medicare Part A and Part B. Medigap plans are no different than Medicare plans since they both over only cover one person’s health care coverage and not their spouse. Medigap only covers one person. Although you may be able to enroll in a Medigap insurance plan if ...

There are a number of questions and concerns when it comes to enrolling in Medicare and Medicare Supplemental Plans .  Three main questions that seniors want answers to are: What parts of the four different parts of the Medicare program covers stays in the hospital? What differences are seen between Original Medicare (Medicare Part A & Part B), Medicare Advantage, and Medicare Supplemental Plans? Which parts of Medicare provide prescription drug coverage? Original Medicare has four basic elements: Medicare Part A – Hospital Insurance Medicare Part B – Health Insurance Medicare Part C – Medicare Advantage Medicare Supplemental Insurance Plans – Medigap Medicare Supplemental Insurance Plans, Medigap, is private health insurance plans that seniors can purchase to cover the “gaps” that are left after enrolling in Medicare Part A and Part B.  There are ten different Medigap plans to choose from.  Each plan covers different elements that are not covered by Ori...

Most people do not quite understand how Medicare and Medigap work and as much as there are many resources about the two, all the information can be overwhelming and confusing. In this article, we will evaluate each and the benefits you get when you pick one of over the other. Understanding Medicare and Medigap Everyone, over the age of 65 in the US can apply for Medicare insurance coverage .  It is important to note is that the coverage is divided into four parts. Part A provides hospital care, Part B covers doctors’ fees, equipment used in the treatment and medical procedures. Part D covers prescription drugs which cost over and above your cover especially for older patients and supplemental insurance plans that take care of medical expenses that exceed your cover so that you don’t have to tap into your savings to get treatment. Medigap is additional health insurance coverage that participants purchase from private insurance companies to help take care of medical costs that...

Choosing the right Medigap policy is important if you are looking to save on your health-related costs in the long run. In this article, we break down choosing the right Medigap policy in 5 simple and easy steps: 1: Evaluating Your Health Care Costs It's important to do a thorough analysis of what you've spent on healthcare annually. Also try to sketch out an idea of how much your future health costs will come to and add them to your list. Finally, also make sure to add any costs that covered the services offered by Medigap plans . 2: Comparing and Reviewing Medigap Plans Make sure to go through the Medigap Plan from A to N to determine which plans are most apt for your situation. Cross compare the plans with each other and do a careful analysis of which one is ideal for you. Also, be aware that the Plans J, I, H and E were no longer sold after May 2010. However, if you already bought any of these plans before June 2010, you'll be allowed to move forward with it. 3...