Health care costs can easily, and quickly, drain your savings. Even if you have Medicare, you could still have to pay extensive out-of-pocket costs. Give Medicare Supplement Insurance serious consideration when you’re turning 65 because that’s the only time open enrollment will be available.
Medicare Supplement Insurance is also known as Medicare Supplement Insurance because it fills in the gaps in Medicare’s Part A and Part B coverage. With Medicare Supplement Insurance, you get to decide how much protection you need from Medicare’s co-insurance, co-pay and deductible charges.
During open enrollment (the first six months after you turn 65), you have a guaranteed right to purchase a Medicare Supplement Plan. When that window closes, you’ll have to deal with the medical underwriting standards of insurance companies to see whether you can still get Medicare Supplement Insurance.
Take a look at Medigap Insurance while you’re still eligible for open enrollment. With our online educational resources, you can learn more about Medicare Supplement Insurance and Medicare Advantage Plans.
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.