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Is Medicare Supplement Insurance (Medigap) Right for You?

Medicare supplement insurance (Medigap) can help fill gaps in coverage. Multiple co-pays can add up, and unexpected hospital stays can be difficult to fund. There is no single plan that works best for everyone. I will work with you to find the best individualized solutions to all of your healthcare plan needs.

Medigap Defined

Medicare supplement insurance is commonly referred to as Medigap. Supplemental insurance is sold by private companies, and it can help cover costs that Medicare does not cover including deductibles and copayments.

It is important to note that Medicare supplement insurance is different than Medicare Advantage Plans. Medicare supplement insurance involves adding an additional policy from a private insurance company. However, Medicare Advantage Plans are essentially an extension of original Medicare benefits via third-party insurance companies that contract with Medicare.

Need to Know Information About Medigap

It is important to choose the best policy for your individual needs. A few important things to know about Medigap are listed below:

  • It is important to already have Medicare Part A and Part B.
  • You can switch from a Medicare Advantage Plan to a Medigap policy given certain parameters.
  • A Medigap policy will require that you pay a monthly premium for your Medigap policy in addition to the monthly premium for Part B of Medicare.
  • Only one person is covered by each individual Medigap policy, even if two people are spouses.

Medicare supplement insurance typically does not cover vision care, dental care, long-term care, or private-duty nursing. It is important to know if Medigap will meet your financial and healthcare needs. It is also important to know what steps are necessary when obtaining Medicare supplement insurance.

Stay Informed

Different options for Medicare coverage are notoriously confusing, and specific requirements are subject to reform. I have specialized in helping senior citizens make the best choices when planning for retirement and healthcare needs for over ten years.

Contact Me

Call me at 877-936-2348 to learn more about senior healthcare benefits and retirement planning today.