When it comes to health insurance people seem to have a lot of questions. You could be asking yourself questions like, which is the best health insurance plan for you? What kinds of plans are out there? Should I go through a private insurance company? These are just a few of the questions that people ask themselves and want to know. They really need to know the answer to these questions in order to choose the right plan(s) for them.
There’s a lot of health insurance plan out there, like Medicare Part A and Part B, Medicare Advantage Plan, Medigap, Medicaid, Wellcare and TRICARE. These are all health insurance plans, but not all of them are the same. Each insurance plan offers you help with your health care needs. With a lot of these plans, you still end up paying out of pocket for co-pays, prescription even your doctor’s visits. Not counting the older we get, we have to charge plans just due to our age. Now you might find yourself asking even more questions about which insurance plan will cost you the least, or which plan will help you be able to pay the least out-of-pocket cost.
Let’s look at one particular insurance plan. This plan is called “Medigap Plan G”. With this plan, you have to be at the age of 65 and old (“Medicare Made Simple”). This plan is available in all 50 states. Just like other plans Medigap Plan G helps you with your health care needs. This plan helps you with things that other plans do not. So, let’s look at that for just a minute. Medigap pays for some of your health costs that Original Medicare does not, like your copayments and deductibles. If you have Medicare part A and part B, and you purchase a Medigap plan they will pay what your Medicare plan doesn’t. I think of it as filling in a gap. Which go hand-in-hand with the name of the plan. This is because a Medigap Plan is a (Supplement Insurance Plan).
Another thing you should know is this insurance supplement plan is just like the others, it has requirements. You already know one of them is you have to be 65+ years old. You must have Medicare Part A and Part B as well (Medigap, 2020). Something that is important to know right off hand is that Medigap Plans only cover one person; if you and your spouse both want or need this plan you have to purchase two different policies. Another thing needed to know is that Medigap doesn’t cover prescription coverage. You can’t get this insurance plan if you have a Medicare Advantage Plan, it is illegal for any supplement insurance company to sell you Medigap if you have Medicare Advantage.
A good thing about this insurance plan is that Medigap is sold from a private insurance company, and they can’t cancel your health insurance as long as you pay your monthly premium (Medigap, 2020). If this sounds like a plan you could use or like you can find more information online or by calling them.
If this doesn’t seem like the right supplement plan for you, Medigap has all the different plans available. These plans are labeled A through N, and you can find more information about these online as well. Remember that when comparing health insurance plans, and trying to find out which one best suits your health care, it can be frustrating at times. The best thing you can do is take your time, get as many pieces of information as needed. That way you can be comfortable that you made the right decision for your health care needs and cost.