Medigap is an insurance policy that will cover the health care costs that you incur that regular Medicare, Part A and Part B, does not cover. These costs can include co-payments, deductibles, and travel outside of the United States. However, Medigap supplement insurance does not cover costs that are associated with dental care, vision, hearing aids, or private duty nursing.
Medigap supplemental insurance is available to anyone that has Medicare Part A and Medicare Part B, and the best time to purchase Medigap is during your open enrollment period. You are automatically eligible for a Medigap supplement insurance plan the month that you turn sixty-five and your eligibility continues for a period of six months.
That six-month time frame is the best time to purchase Medigap, simply because you can get it from any Medigap supplement plan that is available in your area. None of them can turn you down for any health issues that you may have, nor can they charge you more if you have certain health problems. Instead, during this time you are guaranteed to find coverage at a reasonable price.
The only thing that you will need to keep in mind is that a Medigap supplement plan can make you wait six months before they will pay for anything relating to your pre-existing conditions, although some plans will waive that waiting period. Once that six month waiting period is over, they will pay for your medical expenses, including ones for your pre-existing conditions.
If you decide to wait to apply for Medigap until after your six-month open enrollment period, a Medigap plan has the right to deny you coverage or make you pay a higher rate.
It is unusual to be able to apply for a Medigap supplement insurance plan when you are under the age of sixty-five, but some states will allow you to do so. However, you will want to be prepared to pay more for the policy or take the chance of being denied for pre-existing conditions.
A disabled person, who has Medicare, can apply for Medigap before they turn sixty-five, but they might not be able to purchase the exact policy that they want and there are no guarantees that they will even be approved.
If you are approaching the age of sixty-five, you will need to be aware of your options when it comes to Medigap supplement insurance plans. You’ll want to act quickly and purchase your Medigap plan within your six-month open enrollment period, so you do not miss out on the benefits that you will need.
Learn more about Medigap plans and rates at http://emedigap-plans.com. Medigap Insurance brokers will help you compare Medigap Insurance rates and plans. To talk to an expert in Medigap coverage call toll free 888-452-7949!