Most of the time, you will find that the health insurance that is provided by Part A and part B of Medicare is not enough to cover the financial costs incurred during hospitalization or medical treatment. Thus, in order to meet the other expenses that are related to their medical treatment but are not covered by Original Medicare you can get enrolled to any Medicare supplement plans.
The Medigap insurance plan is different from any private health insurance plan although they are issued by private insurance companies only. It fills in the gap that is left behind by the original Medicare and hence known as Medigap policies.
Advantages of having Medigap policy
The Medicare Supplement Plans 2018 are governed by the Federal government thus irrespective of the insurance company from whom a plan is taken you will get the same benefit. They ensure that you are able to meet the annual deductibles or the co-payment requirements. There are about 10 plans that are operating and each have different features. You can choose any plan from any insurance company as the difference will be in premium amount, but the benefits of each plan will be same for the particular plan by any insurance company.
Moreover, as you grow older your health expenses keeps on rising and sometimes Original Medicare is not enough to meet those. Having a Medigap policy comes handy during that time. However, you must remember that if you do not have enrolled into Original Medicare then you cannot avail any of the Medigap policies.
Contact an insurance agent
There are a number of Medigap plans available. While some prefer Plan F and G over others you must check out the features of all of them before you actually choose one. In order to get enrolled into a Medicare supplement plan you need to contact an insurance agent who will explain about the different plans. They will understand your requirement and suggest you about the plan that will be best suited for you.
While taking any Medigap policy you should not be enrolled into any Medicare advantage plan. Even if you are enrolled into one then make sure that before the Medigap policy begins the advantage plan ends. Both will not operate together and if someone is suggesting you something like that then they are misleading you.
You are the one who understand your health and finances best. In order to organize both Medicare supplement plans supports you.