Medigap Insurance covers the “gaps” that are present in Medicare. These “gaps” are things that aren’t covered by Medicare, which covers a lot of medical expenses. Some of them may surprise you. But it doesn’t cover everything. That’s where Medigap insurance comes into play.
Who Is Eligible for Medigap?
Medigap is available to people who have Medicare eligibility and appurtenance to part A and part B. It’s sold by private insurance companies. There are 10 Medigap plans available for purchase. They are A through D, F, G, and K through N. Plans E, H, I, and J are no longer available for purchase. Each insurance carrier offers the exact same plans. There is no difference between them, unless you live in Minnesota, Wisconsin or Massachusetts. These states have different coverage options than other states.
What are Medigap A and B?
Medigap A is simply a basic policy. Medigap policies B through L add on to the Medigap A policy. Each policy has features the last policy did not. Medigap L is the policy with the most coverage, while Medigap A is the policy with the least coverage. In order to know which policy you need, you must decide for yourself as an individual which policy fits your health and medical needs. If you’re married, you and your spouse will have to have separate Medigap policies. Medigap insurance only covers the policy holder, not the spouse.
Each Medigap insurance policy has its own terms. When coverage begins, any waiting period, and any premiums you have to pay vary. Other factors in determining these stipulations include preexisting conditions, your age, and your demographics. Some Medigap policies are cheaper because of the area you may live in. Other policies are based on your ages. It is important to note that if you have Medicare Part C (also known as the Advantage Plan) Medigap insurance isn’t going to pay for anything.
Where Can I Enroll?
If you want to enroll for Medigap Part A and B, you need to apply online at the Social Security. You should also visit your Social Security office. Remember, you need to be already enrolled for Part A if you want Part B. Get your health insurance Florida today!