Do I Need Medigap Coverage?

Everybody in the US gets Medicare once they reach age sixty-five. It’s free government insurance for medical expenses, but it only covers some of the medical bills you may acquire through your older years. For people with severe health issues and those who have to make regular hospital or doctor’s visits, Medicare isn’t nearly enough. What you may need is Medigap coverage to help with your medical bills.

What is Medigap Coverage?

Medigap does just what its name implies- it fills in gaps in medical coverage left by Medicare. As was mentioned above, Medicare doesn’t cover everything. It helps out a lot, but it leaves coverage holes as well. Medigap comes with a number of plans, each providing varying degrees of coverage.

You can sign up for a plan that covers extended hospital stays or your co-payments or even all additional medical expenses not covered by Medicare. The plans are varied enough that you are sure to find one that suits your particular needs.

You are eligible for Medigap as soon as you are eligible for Medicare, that is, at age sixty-five. But you have to have Medicare before you are approved for a supplement plan. Medigap is only meant to supplement Medicare, not provide standalone insurance.

The best time to apply for Medigap is during the 6-month period after you turn 65. In this window, you cannot be charged higher rates based on preexisting health conditions, and you are guaranteed a policy.

How Medigap Helps You

Medigap isn’t for everyone, but it can be very useful for a great number of people. How do you know if you are one of those who would benefit from Medigap? Just ask yourself a few questions.

Do you struggle to pay your monthly medical bills? Do you feel like Medicare leaves you too many co-payments, charges, and deductibles to deal with on your own? Is your health poor enough that you expect to have to visit the hospital or doctor more than several times in the coming year?

If you answered “yes” to any of those questions, then Medigap can definitely help you. If you answered positively to all three of them, then you may want to go for a high-coverage Medigap plan.

Medigap coverage can help you pay for medical expenses you would normally struggle with. It can also give you peace of mind about your medical bills. If you know how much you have to pay each month in insurance, but don’t have to worry about unexpected medical emergencies creating budget problems, you will be able to rest much easier.