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Medigap

Medigap heath insurance helps provides Medicare beneficiaries with peace of mind. Most medigap policies, also know as Medicare supplements, provide coverage for Medicare Part A and B deductibles, co-insurance, and excess charges. Medigap coverage can also include skilled nursing coverage, foreign travel insurance and hospice benefits. Specifically, how does medigap insurance help provide you with peace of mind? With a medigap plan, you can reduce your out-of-pocket cost if faced with medical bil...

Being on Medicare is great, right? Well, yes and no. Being on Medicare is great because the monthly premiums can be affordable. Many people get Part A automatically when they turn 65. They do not have to pay a monthly payment called a premium for Part A because they or a spouse paid Medicare taxes while they were working. The Part B premium may be low compared to what an individual health insurance policy would cost for someone that age and there are no exclusion for pre-existing conditions with...

A condition for which medical advice was given or treatment was recommended by or received from a physician within six months before the effective date of coverage 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. Some 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 m...