Medigap Supplemental Insurance: For Those Times When Medicare Stops
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Medigap Supplemental Insurance: For Those Times When Medicare Stops
While Medicare is an excellent resource for the millions of Americans currently enrolled in the plans it offers, it simply doesn't cover every medical situation. People who are enrolled in Medicare Part A (which covers hospital services) and Medicare Part B(which covers non-emergency medical care such as doctor visits) plans may still find that they need additional coverage. That is where the Medigap supplemental insurance plans can be a valuable resource: It literally fills the "gaps" that standard Medicare plans do not cover. This may include hospital or doctor copayments, additional hospital benefits and expanded hospice care benefits.
There are 14 different Medigap supplemental insurance plans as of 2010, each with its own benefits and deductibles. Since the Medigap insurance is issued by a private insurer, enrolling in a Medigap plan is purely voluntary and will require a monthly payment. The payment for Medigap plans can vary widely, with the high deductible plans offering the lowest monthly premiums. While completing all the medicare forms can get overwhelming for many people, it is important to remember that enrolling in Medicare Part A and Medicare Part B is essential before you enroll in any of the Medigap supplemental insurance plans. People who are enrolled in the Medicare Advantage plan, also known as Medicare Part C, are not eligible for Medigap supplemental insurance.
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