Do you want to waste your retirement years budgeting to be able to pay off medical bills? No one does, but not everyone is prepared to manage all of the expenses that Medicare doesn’t cover. Some people aren’t even aware of what Medigap Insurance covers.
Whether you need to see a doctor or have to go to the hospital, Medicare coverage is incomplete. There’s a Part B deductible you must meet before Medicare pays for doctor services and a similar Part A deductible on hospital services. Until you’ve spent those deductible amounts on health care, Medicare doesn’t actually pay for your medical bills.
Medigap Plans work with Medicare to extend your coverage. You can get that money you spend meeting Medicare deductibles back when you have the right Medigap Plan, but that’s not all that Medigap Plans cover.
There are 10 kinds of Medigap Insurance. Some take care of doctor bills because Medicare only pays for 80 percent of doctor fees based on a pre-set amount. What if your doctor charges more than Medicare accepts? You can pay the difference or you can get a Medigap Plan to do that for you. See what different Medigap Plans pay for here on our website, or call us to schedule a free consultation.