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. You don’t have to compare every plan from each insurer because with standardized Medicare Supplement Plans, every Plan C has the exact same coverage whether it’s from the biggest or the smallest insurance company.
Eight other Medigap Plans give you a wide range of choices in both benefits and premium prices. 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. If doctors charge you more, Medigap Plans can pay the excess for you.
Medicare Supplemental Insurance has to follow Medicare 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, but Medigap Plans cover 80 percent of these bills with a $250 deductible.
Medigap Policies also give more choices in how much coverage or the percent of coverage you want. Since Medicare’s Part A deductible is $1,132 per benefit period, almost all 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. See all the choices in Medicare Supplement Insurance on our Website at www.MedigapAdvisors.com.