Reaching 65 means enrolling in Medicare for your health coverage. Medicare provides coverage for essential medical services, but it has limitations. For example, it does not cover dental, vision care, hearing aids, or deductibles. This means you can still face out-of-pocket costs for certain medical expenses.
At A. L. Saland Insurance Solutions Inc., serving Odessa, FL, we’re here to show you how supplemental Medicare plans can provide extra coverage.
What is a Medigap Plan?
Medicare Part A and Part B are the primary healthcare parts for people 65 and older. Medicare Part A covers hospital stays and inpatient care, and has no monthly premium. Medicare Part B covers outpatient services and doctor visits, and often requires a monthly premium.
Even with Medicare coverage, you may still be responsible for out-of-pocket costs like coinsurance, deductibles, or extended care expenses. A supplemental Medicare option can help fill in these Medicare gaps, hence the term “Medigap plan.”
How Medigap Plans Work
These plans are offered by private insurers but are standardized by the government, which means the coverage for each lettered Medigap plan is the same, no matter which private insurance company you choose. Supplemental Medicare or Medigap plans are identified by a letter, and all are standardized. For example, plan K from one insurer will be the same as plan K offered by a different insurer. You will have to pay a premium for a supplemental insurance policy.
Contact Us to Find Out if You Should Get Supplemental Medicare Insurance
At A. L. Saland Insurance Solutions Inc., we’re here to review your Medicare insurance coverage in detail, explain the differences between Medigap plans, and help you identify options based on your healthcare needs and budget. Call our office serving the Odessa, FL area, to speak to an agent.
