Seniors that are covered under original Medicare may find that their out of pocket expenses are too high, and may be interested in purchasing a Medicare supplement health insurance. This supplement is also known as Medigap. Depending on the policy that you choose, Medigap may be able to pay for many things that original Medicare does not. Some of these include deductibles, co-payments, and co-insurance. Medigap policies can also offer other benefits that Medicare doesn’t, such as medical coverage if you are outside of the US traveling. When you file a claim, Medicare will pay its share, before the Medigap policy kicks in.
In order to be eligible for Medigap policy, you must have Medicare parts A and B. Medigap policies only cover one person at a time, unlike traditional health insurance. So if both you and your spouse need coverage, you each need to buy your own policy. Medigap policies are not allowed to cover prescription drugs, so if you have a lot of prescriptions, you’ll want a prescription supplemental policy. And you cannot have a Medigap policy if you have a Medicare Medical Savings Account plan (MSAA).
You can buy a Medigap policy in California from any company licensed to sell healthcare insurance. The options can be overwhelming, however. It’s a good idea to consult an independent insurance agent, such as Benefit Packages, to help you compare plans and decide which one will be best for you. Go online for free quote today, or call Benefit Packages for assistance.