Why Are Medigap Policies Standardized?

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    Jason Goldenzweig
    Co-Founder, TermInsuranceBrokers.com, Goldenzweig Financial Group, Las Vegas, Nevada
    The rules for Medigap policies are established by the federal government even though the policies are sold through private health insurance companies. The long and short of why they were designed to be standardized is because they are SUPPLEMENT plans to Original Medicare and work WITH your Part A & Part B coverage. They do not provide the coverage in place of it (the ones that do would be Medicare Advantage programs which operate in similar fashion to traditional under 65 health plans).

    I hope the information is helpful - if you have any other questions regarding Medigap plans and or need quotes for coverage, please feel free to contact me. Thanks veyr much.
    Answered on October 24, 2014
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