Medigap Insurance Case Study

One of the biggest questions facing seniors across the country is whether or not they need Medicare supplement insurance (Medigap policies). They compare insurance supplement plans and look at Medicare supplemental rates and try to determine if coverage is right for them. Of course, the need for Medicare insurance supplement depends on the specific person. However, for more and more seniors, standard Medicare plans simply aren't offering enough coverage, so they are turning to Medigap policies.

Cost vs. the amount of coverage remains a top concern for seniors when comparing Medigap insurance plans:

"'Most Medicare beneficiaries on are fixed incomes,'" noted Toby Edelman, a senior policy attorney at the Center for Medicare Advocacy. 'And while the public perception may be that Medicare covers everything, it doesn't.'" (from Medigap policies may be on the table)

When deciding whether or not you need Medigap insurance coverage, it's important to look at all of your options. There are a variety of plans to choose from,
Well, first, let us be clear that there isn't just one Medigap option. When looking for additional coverage through Medicare supplement plans, it's important to know that there are a range of policies to choose from. Costs and coverage vary, so you can pinpoint the policy that specifically works for you. However, there are several things you can get with a Medigap policy if you choose a provider who understands your specific needs and your specific financial situation. You can gain 100% coverage of your medical needs (by combining Medicare and Medigap policies); you will have the option of choosing the doctors, facilities, and hospitals you want to use, as opposed to the ones that are in your "network;" you'll have coverage to seek the medical care your doctor warrants necessary, as opposed to the medical care your insurance company deems necessary; and you will be able to greatly reduce your out-of-pocket