Health Insurance: Medicare Supplemental AKA Medigap
In recent months there has been quite a bit of discussion around Medicare and health insurance. Medicare supplemental plans, which are often called “Medigap” plans, are meant to fill the gaps left by Medicare.
While post-retirement life is supposed to be at least somewhat of a carefree time, this is is not the case for many. As people get older, their need for medical and hospital treatment increases and can eat away at people’s savings. Medigap plans are health insurance plans that the United States Government introduced to help alleviate the burden of health costs.
Medicare Supplemental or “Medigap” Insurance
One of the problems with Medicare was that it did not give older people full health coverage, and an increasing number of them had trouble paying for all of the treatments and services they needed. To help older people with the cost of health insurance, Medicare supplemental insurance plans have been put forward as a means of filling these gaps. The companies that sell this type of insurance provide specific health plans that have been screened and approved by the Government. However, not everyone will benefit from these plans, as the recipient must already be enrolled in Medicare parts A and B in order to be a candidate.
While there were four parts to the Medicare plans, there are actually twelve different Medigap plans, which are designed to meet different health care needs. Each offers a slightly different set of benefits to meet the varying needs of different individuals. To browse the plans and look for the one that suits you, read our Available Medigap Plans page.
Companies Filling the Gap
The companies selling the Medigap plans usually have an insurer acting on their behalf to supply senior citizens with the right, and most affordable plan for them. The guidelines for this health insurance (medicare supplemental plans) are set by the government; however, you should be aware that the cost of these policies will vary because they are set by the individual companies.
By definition, Medigap plans do not cover all health care requirements, so as you shop for a plan, make sure you pay attention both to what is offered and to what is left off the list. For the most up to date information go to the Senior65 Medigap Page.
Getting Help Finding Affordable Medicare Supplemental Insurance
If after browsing through our Senior Health Insurance pages you still have questions, you can contact a licensed Medicoverage agent at any time. We would be happy to help you find the right coverage for you.