If you are on Medicare, then you might have heard of something called Medigap. However, you might not know what Medigap is, or if you can take advantage of it. To help you out, here is an overview of Medigap, including its requirements and benefits.
What is Medigap?
The purpose of Medigap is to fill in the cracks of Medicare. Medicare doesn't cover all the services of private insurance, which is you need a supplemental insurance plan: Medigap. Copays, deductibles, and coverage outside the United States are all outside the coverage of regular Medicare. With Medigap, you will pay a small amount every month in order to increase your healthcare coverage.
What are some of the unique qualities of Medigap?
Unlike Medicare, Medigap is actually a service offered by private insurance companies. This means that you will have some sort of plan with a private insurance company in addition to your plan with the government.
Unlike some other private insurance policies, Medigap cannot be cancelled by the provider unless you fail to pay your premium. This means that you are guaranteed service as long as you make your monthly payments.
What are the requirements for Medigap?
What are the drawbacks of Medigap?
Unfortunately, Medigap plans only cover a single individual. This means that if you get Medigap, it won't apply to your spouse or dependents. Each person will need to get their own Medigap plan. Medigap also doesn't cover certain elements of healthcare, such as glasses, contacts, dental work, or hearing aids. Finally, Medigap policies today do not cover prescription drugs.
For more information on medicare supplement plans, visit http://scis.us.Share
16 September 2015
I knew that my hearing wasn’t as good as it had once been, but I was still upset when my doctor told me that I had a significant hearing loss in both ears, and that I was going to need hearing aids if I wanted to participate more fully in my day to day life. But then I started researching hearing aids. I was thrilled to find out that there were small, barely visible aids that could help me hear without marking me as hearing impaired on first glance. Even better, the hearing aids were much more advanced than I’d thought. The ones that I chose can actually help cancel out environmental noise, like the clatter of a loud restaurant, so that I can focus on conversation with the waitress or the person across the table. My hearing aids have really improved my life.