If you are enrolled in Original Medicare, you can save on your health care expenses by purchasing a Medigap plan. Though, if you’ve never heard of Medigap, you may not even know whether you’re eligible for a plan or not. Here’s everything someone new to Medigap needs to know.
What Is Medigap?
Medicare Supplement Insurance, also known as Medigap, is a form of insurance that provides additional coverage to Original Medicare plan members. With Medigap coverage, you get help paying your out-of-pocket health care costs, like coinsurance, deductibles, and copayments.
How To Get Medigap?
You must first be enrolled in Original Medicare to get a Medigap plan. Then, you can reach out to a plan provider and apply for the plan. Once you’ve been accepted to the plan, you pay your premiums to maintain coverage.
Who is Eligible For Medigap?
To be eligible for Medigap, you must be enrolled in Part A and Part B of Medicare. In some cases, you must also be age 65 or older. Although, sometimes, Medigap plans will accept people below age 65 and enrolled in Original Medicare.
You cannot purchase a Medigap plan if you are enrolled in Medicare Advantage.
Find a Medigap Plan
If you want to lower your health care costs, consider a Medigap plan. These plans offer robust benefits that can dramatically reduce the amount you spend on qualified services.
To learn more, get in touch with an agent from SBHS. We can help you compare plans and find one that is right for you.