Medicare Supplemental Insurance
Medicare Supplemental Coverage is known as “Medigap” for short. The reason for this is that it’s designed to provide insurance coverage for the “gap” between what Medicare pays and what the costs of a recipient’s actual services are. This difference is created by two factors: First, there are some medical services that Medicare doesn’t pay for at all. Second, there are some medical services that Medicare only pays for in part. So, the Medicare beneficiaries that do not carry any type of Medigap coverage are left responsible for the difference between those two amounts themselves.
Medigap Coverage Plans Available (And What They Cover)
There are ten different Medigap plans available, so people who are about to enroll in one of them would do well to understand the differences between them. The differences have to do with exactly what types of expenses they cover and how much they cost in terms of premiums. As should be no surprise to you, the plans with the highest premiums will cover the most different types of expenses. The ten different plans are labeled A through N, and plans E, H, I, and J are no longer available unless you have them already. Therefore, it’s best to focus your analysis on the rest of them.
Contact me to have all of your questions answered. I represent all of the companies available in North Carolina. You can be assured that you will always get the most affordable plan available.