Medicare offers a lot of coverage for boomers and seniors, however it may leave you with a heavy financial burden if there is a serious illness or injury. This is where Medigap, Medicare Supplement insurance, can help.
Medigap Overview
Basically Medigap protects seniors from financial burden. Medigap is also known as Medicare Supplemental Insurance. It is offered through private insurers, however it is regulated by the federal government. Medigap is used in conjunction with Original Medicare and does not replace it. This means that Medicare pays first and your Medigap pays whatever is left over, including, but not exclusive to: coinsurance, deductible, copays and excess charges.
To learn the specifics of what Medigap plans cover read about Medigap Plans and how they fill in Original Medicare gaps.
6 Things to Know About Medigap
- You must have Medicare Part A and Part B to be eligible.
- Medigap keeps Medicare’s nationwide network.
- Medigap has a monthly premium on top of the Part B Premium.
- A Medigap policy only covers one person.
- As long as you enroll when 1st eligible you will be guaranteed issuance regardless of preexisting conditions.
- All Medigap plans are guaranteed renewable even if you have health problems.
Next Steps
If you’re ready to sign up for Medigap use the instant Medigap quote or call the number above.