You find yourself having to figure your benefits for Medicare and everything you keep hearing about is Medigap Insurance. Medigap are insurance plans that supplement your Medicare Insurance. Medigap insurance will assist in covering costs for:
- Co-Pays & Co-Insurance for Medicare-covered hospital charges
- Skilled Nursing Facilities
- Home Health Care
- Ambulance transport
- Durable Medical Equipment
- Doctor’s Charges
The name is derived from the gap of covered expenses between reimbursed providers by Medicare Parts A and B for the aforementioned services and the total amount allowed to be billed for those services as dictated by the United States Centers for Medicare and Medicaid Services.
Medigap Insurance is available to all who are 65 and older and all under 65 that meet certain requirements.
Arena Insurance Brokers can help you navigate the Medigap / Medicare web
Medigap insurance can only be used by people that have traditional Medicare. Medigap Insurance is not a government-run program. Medigap Insurance is private insurance that you can purchase to cover some or most of your out-of-pocket expenses in traditional Medicare.
Medigap policies will only cover you when you see a doctor or facility that takes Medicare. If your Physician or Facility does not accept Medicare patients, Medigap will not cover any of those costs even though it is private insurance.
Medicare Supplement Insurance / Medigap Insurance
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