You might be wondering why there is an increased demand for Medicare Supplement Insurance among those who qualify for Medicare. This is due to the fact that Medicare does not pay for all the health care expenses that people need. For example, Medicare only pays for part of most doctor bills.
Typically, Medicare only covers 80 percent of a pre-approved amount for doctor services after you have met the Part B deductible. With a Medigap plan, you are assured that there will be no unpaid doctor bills.
Medicare also places limitations with regard to how much help you can get for hospital care. Full coverage for Medicare only lasts for 60 days of hospitalization and you have to pay for the bills after that period. Having a Medigap Insurance Plan solves that problem. In fact, it even gives you an additional 365 days coverage.
Medigap Insurance can definitely protect you from overwhelming medical bills. You can investigate the 10 different options available for Medigap Insurance on our website. You may also want to look into Medicare Advantage Plans if one is available where you live.
Jim McFadden has over 11 years of executive-level experience in the health insurance industry, is a youth baseball, softball and football coach, and has one of the worst fantasy football records in the world.