Should I Buy A Medigap Policy?

1. 

   981 POINTS

   view profile
   Jeffrey VanCleve

   Marketing Director, JLS Marketing Concepts LTD, Canton, OH

   If you have Medicare Parts A and B, and have elected not to get a Medicare Advantage Plan, it is a good idea to buy Medigap insurance. Although Medicare is very good health insurance, Medicare does not cover 100% of all health care costs for beneficiaries. You can check whether an item or procedure is covered by Medicare insurance at Medicare.gov. Medicare coverage is subject to deductibles and coinsurance amounts that may possibly be substantial to you. Medigap insurance is designed to pay for deductibles and coinsurance on your behalf in exchange for a predictable monthly premium payment. You have 11 standardized Medigap plans to choose from with various coverage options to meet your budget. I advise finding a licensed insurance agent who is experienced in Medigap plans to assess your needs and objectives and review optimal solutions with you.

   Answered on November 26, 2014

   flag this answer
Did you find these answers helpful?
Yes
No
Go!

Add Your Answer To This Question

You must be logged in to add your answer.