Medigap Insurance Plans give you the stability of standardized choices so you always know what you are getting based on how the plans are lettered. Medigap Plan A has the fewest benefits and Medigap Plan F has the most comprehensive coverage. Whether your plan is from the biggest or the smallest insurance company, you are assured of certain benefits.
With eight other Medigap Plans available, you have a wide range of choice in both benefits and premiums. If you need to see high-priced specialists, some types of Medicare Supplemental Insurance pay for what are known as Part B excess charges. Doctors are not required to accept the predetermined rates that Medicare will pay, but that doesn’t mean you have to cover the excess. If doctors charge you more, Medigap Plans can cover the difference between Medicare’s payment and your doctor bill.
Medicare Supplemental Insurance has to follow Medicare’s rules and pay automatically whenever Medicare covers an expense, but Medigap Plans expand coverage to situations when Medicare offers $0 coverage. Medicare pays nothing for emergency medical care when you travel abroad, for example. Certain Medigap Plans cover 80 percent of those bills with a $250 deductible.
Medigap Policies also give more choice in how much coverage or the percentage of coverage you want. Since Medicare’s Part A deductible is $1,132 per benefit period, many Medigap Plans will reimburse you for it. If you’re less likely to need hospital care, you can select a plan that will reimburse you for 50 percent of the deductible to keep premiums low. You can see all the choices in Medicare Supplement Insurance here on our website. You can even talk to our friendly experts to make the decision easier for you.