Have you considered Medigap coverage? When you choose a plan keep these points in mind:
1. Medigap is not the same thing as Medicare Advantage. An Advantage plan provides Medicare benefits, usually through a network of preferred providers. Medigap insurance helps pay medical costs that Medicare does not cover, including copayments and deductibles. Medigap also offers services Medicare does not cover, including care when you travel outside the United Sttes.
2. You need Medicare Part A & B coverage to apply for Medigap insurance.
3. Medicare is a government program, but Medigap plans are offered by private insurers.
4. Medigap plans charge a monthly premium over and above your Medicare Part B premium.
5. Medigap plans rarely cover prescriptions. You need Medicare Part D for medication coverage.
6. Vision care, hearing aids, dental work and long-term care are usually not covered by Medigap plans.
7. You can’t have a Medicare Savings Account Plan and a Medigap policy.
8. Your carrier cannot cancel your Medigap plan as long as you pay your premiums.
To learn more about health and Medicare supplement insurance options in the Los Angeles, California area, contact Save-On Health Insurance Services.
