June, 2005

Medigap Coverage of Pre-existing Conditions

If you had/have a health problem prior to purchasing a Medicare Supplement, that particular problem is considered a pre-existing condition. Prior to purchasing a Medigap policy, one should know if the pre-existing condition will be covered by the policy. Many Medicare Supplements cover pre-existing conditions immediately. Some do not. An insurance company can accept an applicant and not cover the condition for up to no more than 6 months. This a "pre-existing condition waiting period". Fo...

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6/1/2005 12:00:00 AM Comments(0)

High-Deductible Medicare Supplements

There are two Medicare Supplement Plans that come in a high-deductible option. Those are Plans F and J. Medigap Plans with the high deductible option do not begin to pay until the insured has personally paid $1, 730. This amount is the 2005 deductible which can be raised each year. The advantage of the high deductible policy is that the premiums are lower. The disadvantage is that the policy does nothing until you have personally met the deductible. This could make the out of pocket cost mu...

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6/1/2005 12:00:00 AM Comments(0)