What is Medigap?
What is Medigap?
As to most people didn’t know about, although they should be. Medigap is an insurance that covers the gaps by Medicare. And although Medigap is private coverage insurance, it is highly synchronized by both federal and state government, and for this reason, what is Medigap best value is that it is affordable for many seniors. What is Medigap?
The cost of health care is so expensive these days. Sometimes, when doctors or surgeons charge more than Medicare, you will have to pay the difference.
The best thing is to apply for it within 6 months of first being covered by Medicare, because at this season, insurers are obligatory to sell you the policy you want, even if you are considered high risk, or have a pre-existing condition. Plans must be guaranteed renewable as to what is Medigap rule that it cannot be canceled as long as you keep paying the premiums.
There are ten different standardized Medigap plans authorized by the federal government. However, individual states can decide which and how many are offered to sell to people. What is Medigap basic coverage of Plan A is that it is offered in every state, and every insurance company that sells Medigap must offer it. Basically, Plan A covers payments you would be accountable for if you were hospitalized for over 60 days, and Medicare no longer covered you. What is Medigap another concern is that it would also pay that part of payment of nonhospital care that Medicare Part B wouldn’t cover. Plan A would also cover the first 3 pints of blood you would need, in or out of the hospital. So plan A is a basic coverage.
Choosing among all the policies offered can be perplexing, so study the variety of plans well, what is Medigap benefit and what is Medigap best offer for you.
When choosing a plan, do as much evaluation shopping as possible, before you decide.
In conclusion, learn the plans and choose sensibly, making sure that your Medicare and Medigap policies together cover as many health catastrophe as possible.
About the Author
Jeff has been the CEO of Senior.com for 12 years. Senior.com has grown under Jeff’s leadership, in fact when the website was first launched, the member base grew form Zero to over 700,000 in less the 3 years. Current, has over 1,600,000 registered members.
Jeff received his MBA degree in Managerial Finance and Investor Relations from the University of Phoenix and his Bachelor of Arts degree in Corporate Finance and Accounting from California State University, Fullerton.View All Articles