Medicare supplemental health insurance, or Medigap, was created for those who need more help paying their medical costs. People who want to enroll in Medigap must be receiving Medicare Parts A and B. If you are over the age of 65, or are disabled, then you can qualify for the Medicare program. Medicare Part A pays for hospital stay, nursing home, or hospice stay. People who receive Medicare do not have to pay for this part.
Medicare Part B covers visits to the doctor, outpatient services, and medical supplies and equipment. People who are enrolled in Part B pay monthly premiums. Medigap will help pay for all expenses that exceed your yearly allowance. All you will have to pay is the deductible, which will vary depending on which plan you sign up for.
There are ten Medigap insurance plans that you should take a look at before purchasing a plan. Each plan will cost a certain amount and will vary in what they offer. Choose a plan that best fits your needs.
Below is a summary of each plan below:
- Plan A : This plan will cover additional hospital stay after Medicare runs out, drawing of blood (three pints per year), and Medicare Part A coinsurance.
- Plan B :This plan will cover additional hospital stay after Medicare runs out, drawing of blood (three pints per year), Medicare Part A coinsurance, and Medicare Part A deductible.
- Plan C : This plan will cover additional hospital stay after Medicare runs out, drawing of blood (three pints per year), Medicare Part A coinsurance, Medicare Part A and Part B deductible, nursing care at a rehabilitation clinic, and emergency medical assistance when traveling to foreign countries.
- Plan D : This plan will cover additional hospital stay after Medicare runs out, drawing of blood (three pints per year), Medicare Part A deductible, nursing care at a rehabilitation clinic, emergency medical assistance when traveling to foreign countries, and at home care expenses.
- Plan E : This plan will cover additional hospital stay after Medicare runs out, drawing of blood (three pints per year), Medicare Part A deductible, emergency medical assistance when traveling to foreign countries, and preventative care.
- Plan F : This plan will cover additional hospital stay after Medicare runs out, drawing of blood (three pints per year), Medicare deductible Part A and Part B, Medicare Part B excess, nursing care at rehabilitation clinics, and emergency care when traveling to foreign countries.
- Plan G : This plan will cover additional hospital stay after Medicare runs out, drawing of blood (three pints per year), Medicare deductible Part A, Medicare Part B excess, nursing care at a rehabilitation clinic, emergency care when traveling to foreign countries, and preventative care.
- Plan H : This plan will cover additional hospital stay after Medicare runs out, drawing of blood (three pints per year), Medicare deductible Part A, foreign emergency care when traveling to foreign countries, nursing care at a rehabilitation clinic, and prescription drug benefit of $1,250.
- Plan I : This plan will cover additional hospital stay after Medicare runs out, drawing of blood (three pints per year), Medicare Part A deductible, Medicare Part B excess, emergency care when traveling to foreign countries, nursing care at a rehabilitation clinic, at home expenses, and prescription drug benefit of $1,250.
- Plan J : This plan will cover additional hospital stay after Medicare runs out, drawing of blood (three pints per year), Medicare deductible Part A and B, Medicare Part B excess, at home expenses, emergency care when traveling to foreign countries, prescription drug benefit of $3,000, and preventative care.
