Medigap Insurance is a type of private health insurance policy that is built to serve the "gaps" left by basic Medicare Parts A and B. Once you reach the age of 65 (or to become eligible for disability allowance before the age of 65), users will be eligible for Medicare. The basic Medicare program is divided into two parts: "Part A" and "Part B." Part A of Medicare is your primary hospital coverage. Part B of Medicare is your primary medical coverage. Both these Medicare constituents only cover a fraction of your medical costs. That is why extra Medicare Supplement Insurance is imperative to protect what Medicare doesn't really.

As long as you have original Medicare Parts A and B coverage, you are "eligible" to shop Medicare Supplement Insurance. Even so, you may well be required to answer health-related queries. You would be accepted if you apply within 6 months of receiving your Medicare Part B insurance or turning 65. In addition, if you lose your group health insurance or are in a situation similar, you may well be assured approval into a Medicare Supplement Plan. In other cases, you might well be asked to answer health-related questions. To find out what you're eligible for, give a call and we'll walk you through your possible options.

A Medigap Insurance Plan and a Medicare Advantage Plan are two specific types of insurance that many people confuse. In order to buy the best insurance for your requirements, you must first comprehend how much each plan is and is not. Put simply, a Medigap Insurance plan is a type of supplement insurance sold by private insurance companies. This plan is intended to fill the "gaps" left by original Medicare A and B. Again, Medicare doesn't really cover it all, so it is essential to buy a Medicare Supplement to fill the gaps.In comparison, a Medicare Advantage Plan is a type of Medicare health plan provided by a privately held business that has a service contract with Medicare. Medicare Advantage Plans provide coverage for all of your Part A and Part B benefits. Most medical expenses are covered if you join a Medicare Advantage Plan. Original Medicare does not provide coverage for any Medicare services. The large percentage of Medicare Advantage plans include prescription drug coverage.

Individuals from all sorts of backgrounds can benefit greatly from Medicare Supplement Insurance. As to if you have a very low income, a minimal to moderate regular salary, or a high income, Medigap Insurance can be a great choice. One of major reasons it really doesn't make a difference so much about your income is that Medicare insurance is universal, irrespective of your financial state. Whether you have a low income or a multi-millionaire, you must protect oneself from the big gaps left by Medicare. If Medicare Part B only encompasses 80% of your medical costs, having insurance that covers the leftover 20% is always a great idea.