Medigap Health Insurance Helps Provide Peace of Mind

Friday, July 16, 2010
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 bills.  Consider Medicare Supplement Plan F.  Plan F covers all your Medicare Part A and B deductibles, coinsurance, and excess charges.  Some medigap polices allow you to minimize your cost.  Plan G is just like Plan F except it does not cover the $162 Part B deductible in 2011.
Plans K, L, M and N are medigap health insurance policies that emphasize cost sharing.  You are more exposed to out of pocket costs but this cost sharing allows you to pay a lower premium.
Medigap plans help you have peace of mind when faced with the inevitable medical bills that will one day arrive.
Aaron Holmes 7/16/2010