Medigap

Medigap Policies Can Be A Smart Purchase

Being on Medicare is great, right? Well, yes and no. Being on Medicare is great because the monthly premiums are affordable. Medicare Part A has no monthly premium and Medicare Part B has a 2009 premium of $96.40. This is great compared to what an individual health insurance policy would cost for someone that age and there are no exclusion for pre-existing conditions with Medicare.Being on Medicare is not so great when you consider that Medicare Part A has a 2009 deductible of $1,068 and Med...

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6/1/2009 12:00:00 AM Comments(0)

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)