Medigap, also called Medicare Supplement, should cover what Original Medicare may not be able to pay on the remaining balance, such as copayments, coinsurance, and deductibles on healthcare services and supplies.
Liberty Benefit Consultants, Inc. offers Medigap, and you can apply for the policy even if you have a Medicare Advantage Plan. Although, you must leave the Medicare Advantage Plan before you can begin to use Medigap.
What Medicap Won't Cover
Medigap may not be able to cover the following:
What Can You Get From Medigap?
In a Medicare Advantage Plan, you'll have copayment or coinsurance, which means you'll pay for a percentage of the medical charge, and your insurance should pay the rest. But Medigap may be the one to copay for such Part A and B out-of-pocket costs on your medical charge.
Below are the other benefits and coverages you may get for availing of Medigap.
Some Long-Term Care
You may get coverage for a limited number of days, such as post-surgery or rehabilitation services. The insurance may also be used in hospice care, if necessary
Healthcare Need For Travel Abroad
You may use your Medigap insurance even outside the United States. Medigap has a coverage limited to $50,000 when traveling abroad, and pricing may depend on your age, where you're going to travel, and how long you'll be traveling. This may cover charges for medical evaluation and emergencies.
How Much Medigap Would Cost
The average Medigap in 2020 could cost $150 per month to $1,800 per year.
Eligible For Medigap
Medigap may only cover one person and below are the qualifications to avail of Medigap:
Medigap can be availed within 6 months after you availed Medicare Part B. You can make time for the initial process of your Medigap before you turn 65. This way, you could prepare an insurance plan after retirement, where you'll lose your employer's health insurance.
You may enjoy the coverages on Medigap, especially if you're looking for insurance that may cover your Medicare Part A and B out-of-pocket costs and insurance coverage when traveling abroad. However, some of the usual healthcare charges a 65-year-old may have may not be able to cover hearing, vision, and dental services.
At Liberty Benefit Consultants, Inc., we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (316) 686-5433. Get your free quote today by CLICKING HERE. Topics and coverage discussed in this article are not guaranteed, consult with your agents to determine what your policy does and does not cover. We are more than happy to help!