Below you'll find a list of all posts that have been tagged as “medigap coverage”
As you approach age 65, navigating Medicare and all of its parts and plans may sound daunting, but it can be easier than you think. Original Medicare contains two parts: Part A and Part B. Medicare Part A covers hospital care, skilled nursing facility and hospice fees, and is usually premium-free. Medicare Part B covers medical and preventive services, as well as some medical equipment, for which there is a monthly premium (typically deducted from your Social Security payments).
As people age, the likelihood of requiring medical attention increases significantly. For individuals age 65 and over, healthcare expenses can become a considerable financial burden. Fortunately, there is a solution that can help alleviate the cost of healthcare for seniors – Medigap
As individuals reach the age of 65, they become eligible for Medicare, the Federal health insurance program that provides coverage for hospitalization, medical services, and prescription drugs. However, Medicare coverage is not comprehensive, and individuals may face out-of-pocket expenses such as deductibles, copays, and coinsurance. This is where Medigap (Medicare Supplement plan) comes in as a supplemental insurance plan that helps fill the gaps in Medicare coverage.
If you’re looking for an example of a large government program that’s difficult to understand, look no further than Medicare. The Medicare website contains hundreds of pages of information—few of which are easy reading.
