Medigap Coverage of Pre-existing Conditions
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...
High-Deductible Medicare Supplements
There is a Medicare Supplement insurance plan that comes in a high-deductible option. That is Plan F. This Medigap Insurance Plan with the high deductible option does not begin to pay until the insured has personally paid $2,000 in 2011. This 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 much ...