Are You Eligible For Medicare Supplemental Insurance?

If your 65th birthday is around the corner, chances are you’ve been getting a lot of information in the mail lately concerning Medicare benefits and another type of insurance called Medicare supplemental insurance or Medigap insurance. Don’t set these mailers aside; they contain valuable information concerning your Medicare coverage as well as eligibility for insurance that would help bridge the gap between what Medicare will cover and what your responsibility is. As you may know you are automatically enrolled in Medicare part A on the first day of the month that you turn 65. At that time you also have an option to sign up for Medicare part B if you choose to no longer be covered by your employer’s insurance policy. While Medicare part A is available to you at no cost, Medicare part B comes with a small monthly premium. Once you are enrolled in both Medicare part A and part B you are then eligible to enroll in one of the many affordable health insurance plans called Medicare supplemental insurance.

 

Taking advantage of this valuable coverage as you enter into your retirement years could be the best thing that has ever happened to you. Let’s take a look at an example; suppose you are on vacation and you begin to fill ill and you have to visit the local emergency room. After several tests, and x-rays they come to the conclusion that you have an illness that can only be treated in the hospital and you may have to stay for several weeks. Of course your Medicare insurance will kick in and take care of their portion which will be 80% beating you with the balance of 20%, and as was stated with all of the testing and x-rays and the number of days in the hospital that 20% could literally cost you hundreds if not thousands of dollars. This could be a big concern especially if you are like a number of retired persons that are on a limited income every month. This could mean financial devastation for you. But with the coverage that you have in Medicare Gap insurance your financial burden could be eased tremendously.

 

Getting quotes on Medicare supplement insurance is as easy as getting a quote on cheap home insurance online. Simply make a choice between any of the major health insurance providers and go to their website and you will be able to get the information you need to make the best decision regarding which Medicare plan will be good for you. You may find that the premium rates are different from carrier to carrier that regardless the plans are all the same across the board. You can even pick up the phone today and call 1-800-MEDIGAP and any of their trained agents will be able to help you through the process and answer any questions that you may have concerning this valuable insurance.