Medigap is the nickname given to Medicare Supplemental insurance that helps fills in the “gaps” of Original Medicare. We know it can seem a little overwhelming to learn about all the new health options once you turn 65. Therefore we have broken it down for you.
How Does Medigap Work?
Medigap has a separate premium than Medicare Part A & B, even though it’s rare that you would pay a premium for Part A. These plans are federally standardized, which just means that all Plan A’s are equal to Plan by any provider. That just means once you figure out the coverage you want, you can pick a plan by price.
What is the Most Popular Medigap Plan?
Plan F is by far the most popular Medigap plan. This is because F offers the most comprehensive coverage.
- Medicare Part A & B Deductible
- Medicare Part A & B Coinsurance
- Foreign emergency care up to $50K
- First 3 pints of blood for a transfusion
- Part B excess charges
- Extends hospital coverage up to 365 days
When to Sign Up for Medigap
The best time to buy a Medigap policy is during your initial 6-month enrollment period. This begins the first day of the month you turn 65 (or older) and enrolled in Part B. You can enroll after this time, however most insurance providers require health records, making it difficult to enroll. So do it early.
To enroll in a Medigap plan call 800-930-7956 or contact Senior65.