Medigap insurance is a private insurance policy that supplements Medicare insurance. It’s designed to off-set co-pays, deductibles, and other health care costs that are associated with Original Medicare. Medigap plans will have higher monthly premiums than what you might pay with a Medicare Advantage plan, but the out-of-pocket expenses will be lower when you visit doctors and hospitals.
Also, Medigap plans do not cover every form of additional healthcare costs that you will incur with Medicare. For example, Medicare and Medigap plans don’t cover long-term care. The supplemental insurance also doesn’t cover hearing aides, vision plans, eyeglasses, or dental care.
Why is Medigap Insurance Important?
Most folks understand that Original Medicare doesn’t cover all of their expenses. As shocking as it may seem, Medicare is not free, and the prospect of paying out-of-pocket for co-pays, deductibles, and other healthcare costs is not something that anyone wants to think about. The reality is that a Medicare Supplement can save your household a fortune.
Bear in mind that when you first turn 65 and you apply for Medicare, you can also enroll in a Medigap plan on a guaranteed basis – You can’t be denied coverage! If you miss your guaranteed enrollment window, companies can ask health questions to determine eligibility. This means you could be denied coverage, and exposed to higher medical costs under Original Medicare.
Find the Best Medigap Solution for You at Blue Goose
Blue Goose is an independent, health insurance and Medicare plan agency. Our job is to provide you with all the facts and figures you need regarding a plan selection so that you can make your own informed decision. Call us, we can help…
Contact us at 207-807-2272 to learn more about your options.