What Medigap Plan Is Right For You?

Before deciding which Medigap plan is right for you there are some things you should know. Medigap is sold by private companies, and can help you pay some of the health care costs that are not covered by Original Medicare. Here are a few things you should know: (Medigap Rates by State)

9 Things you should know about Medigap

  1. You have to have Part A and B of Original Medicare.
  2. A Medigap plan is guaranteed renewable even if you have health problems, so as long as you pay your premium, your insurance company can not take away your plan.
  3. If you have a Medicare Advantage Plan, make sure you can leave it before your Medigap Plan begins.
  4. Medigap is an additional premium on top of your Part B premium to cover extra cost not covered by medicare.
  5. A Medigap Policy is an individual policy, and so your spouse must have their own policy.
  6. You can buy a Medigap policy from any insurance company that's licensed in your state to sell one.
  7. Drug Prescriptions are not covered in a Medigap Plan.
  8. It's illegal for anyone to sell you a Medigap policy if you have a Medicare Medical Savings Account.
  9. All Medigap Plans offer the same coverage from company to company, but may vary in price.

Medigap Plans Table coverage comparison

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When shopping for Medigap Insurance, it is good to understand what options are available to you. These plans are identified by a letter name, and each letter offers different coverage. Any licensed insurance company can provide you with a Medigap Plan. However, these policies must follow state and federal laws, meaning that each specific plan is a standardized plan so that insurance companies must offer the same benefits for that plan. There is no standardized prices for these plans, and so prices vary from company to company.

The difference between the plans themselves might include things like what benefits or facilities they will cover or differences in co-pays or deductibles. Every person has different health care needs, and everyone is in a different financial situation. For this reason, the right plan for your neighbor may not be the right plan for you. This is why it is fortunate that there are so many plans to choose from.

When trying to decide which plan is best for you, remember to keep in mind what your health care needs are, and what you can afford. It may also be beneficial to find what plans will cover your favorite doctors, or even your favorite hospital. Most likely there will be differences in pharmacy benefits and also dental benefits. You may also want to try looking ahead and thinking of some possible issues that may arise in your health later, such as an accident or an unexpected illness. Ask yourself if you will feel protected with the plan you choose if something unforeseen occurs.

When you have an idea of what plan is right for you, then you will need to choose an insurance company. For some, this step may not be too difficult, especially if you already know a great insurance company that offers these supplemental plans. For others, this task may seem intimidating. Making sure that you choose the insurance company that is offering the best rates available for the plan they are offering may seem difficult. Do your research so that you will be able to feel comfortable with the decision that you are making. For assistance in deciding what plan is best for you and sorting through all of this information, you can call 1-800-MEDIGAP (1-800-633-4427). When you call, they will be more than willing to help you in making an informed decision.

Hello friends, Wink Martindale here, find protection and help needed, call my friends at 1-800-MEDIGAP.


Medigap Policy Comparison Tools

The question is: What is it and how will it affect me? Turning 65 means you are automatically qualified for Original Medicare, but it does not cover all of your health cost. You will be left with Premiums, Co-payments, and Co-insurance and will need a Medicare Supplement, and a Part D Drug Prescription Plan, or a Medicare Advantage Plan. Each of these options has many options of their own, and finding the right plans can be a complicated process, so we have prepared you with some tools to help guide you through your decision. Once you are familiar with the tools provided, and are ready for a price comparison, call 1-800-MEDIGAP (633-4427) to speak with a licensed professional.


Medigap Insurance:  What Is It And How Can I Get It?

As the baby-boomer generation is approaching retirement age the word Medigap Insurance has become a very popular word. 

The question is:  What does it mean and how will it affect me?  Turning 65 can be a very traumatic thing for some people, for others it is just a number.  However you choose to look at it turning 65 will mean a lot of changes for you.  65 is the age when most people consider retirement so they can enjoy a slower pace of life and perhaps do things that they have never had time for.  It can be a very confusing time as well, especially when it comes to senior health care coverage.

When you turn 65 it is important to know what your options are when in comes to senior health care coverage.   On the first day of the month that you turn 65 you are automatically enrolled in Medicare.  Medicare Insurance is a program that is designed to cover 80% of you medical care cost, leaving you with about a 20% portion.  While this is a good program to have, if you have a serious illness and require a lot of care your 20% can add up fast leaving you with medical bills that total hundreds if not thousands of dollars.  This is where a good Medigap plan or Medicare Supplemental Insurance comes into play.  If you are enrolled in Medicare Part A then you can get a Medigap supplement plan.  This plan will take up where traditional Medicare leaves off.  For a small monthly premium payment you can have your 20% portion of your medical care covered 100%.  That is great news for the baby-boomer generation, especially if you are on a fixed income.  In addition, when you enroll during the open enrollment period you have guaranteed coverage regardless of the condition of your health without having to go through the underwriting process.

Don’t let this time of life become confusing for you.  It is suppose to be a time where you can relax and enjoy yourself.  The experts at 1-800-MEDIGAP can help you navigate your way through the senior health care insurance maze.  With one phone call you can have your choice of coverage from some of the largest insurance carriers. Medigap Insurance agents waiting to help you take care of your Medigap insurance needs.  Don’t hesitate call today.


Things you need to plan for when turning 65 !

Medicare Supplement Open Enrollment: “Things To Do”

Are you the type of person that has to plan everything out so that you feel like you are in control?  Is your life, a long list of “things to do”?  If you answered yes to either of those questions then there is one more thing you need to add to your list, especially if you are approaching retirement age and this will certainly make you feel that you are more in control that you ever have been.  You must pick up the phone and call your medigap insurance agent and ask for information regarding Medicare supplement open enrollment.  This bit of information could mean the difference of being financially secure in retirement to absolute destitution.  Let me explain.

As you may be aware, once you reach 65 you are automatically enrolled in traditional Medicare.  Medicare will cover approved procedures and service for items such as hospitalizations, emergency services, out patient services and medical equipment.  It is divided into two parts, Part A and Part B Part C (Medicare Advantage) and part D.  While Part A is essentially your hospitalization coverage, Part B is you medical coverage.  Part B will require a monthly premium as well as deductibles and co-payments.  It is great coverage and it will cover 80% of approved procedures and services leaving the remaining 20%, which is your responsibility.  If you are in excellent health the remaining 20% may not be a big deal for you.  However, if you have and kind of medical condition you may be setting yourself up for a financial disaster, especially if you are among the many who will be on a fixed income in your retirement years. This certainly will not figure into your plans and you will feel more out of control than ever before.  With a Medicare supplement plan you can plan almost to the penny what you out go will be as far as expenses for health care is concerned. 

As was stated above you will automatically be enrolled in Medicare at age 65, at that time you are eligible to enroll on a Medicare supplement plan.  If you do enroll during the open enrollment phase you have guaranteed coverage regardless of the condition of your health.  For one monthly premium payment your 20% responsibility will be covered 100%.  So go ahead and make your list of “things to do”, but be sure that calling 1-800-MEDIGAP.

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Medigap Insurance