Should You Choose a Medigap Policy?

Medigap policies, just as the name says, help to fill in the gaps that occur with Medicare Part A and Part B coverages. When someone wants to fill in the gaps their Medicare coverage leaves, it is important they seek an insurance agent to help them learn more about the options so they can make a choice on which type of coverage will be most beneficial.

How to Get Started

Before a senior makes a purchase for Medigap coverage, they need to learn everything possible about this type of policy so they can make the best decision for their coverage needs. Most people know Medicare only pays about 80% of the costs of a person’s medical bills. This leaves the senior paying the deductible and the 20% that is left after Medicare has paid.

Twenty percent can add up quickly and lead to a person owing quite a bit of money in out-of-pocket costs. With Medigap coverage, these costs can be greatly reduced so an individual will not have so much financial stress while already being on a fixed income.

After a person has learned as much as possible about their options, they need to seek help from an insurance agent. Medigap policies can be purchased from any licensed insurance agent in the state where the senior resides. As long as that person has Medicare Part A and Part B, they can qualify for purchasing this extra coverage.

Benefits of Medigap Coverage

There are many benefits to purchasing this extra coverage. With Medigap coverage, seniors can have great peace of mind in knowing their medical needs are better covered. The following are some of the benefits.

  • Greater savings
  • The benefits are standardized by law
  • The premiums are affordable compared to some other policies
  • A person can retain their choice of doctors

Get Started Today

If you are in need of more coverage in addition to the basic coverage provided by Medicare, now is the time to learn more about Medigap and how it can benefit you. Call today so you can ask questions or schedule your appointment to get help from an insurance agent.