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.