Tag Archives: Medigap Insurance

How and When To Change Michigan Medigap Plans

A brief overview on Michigan Medigap:

Medigap is supplemental insurance for Medicare. If you have Medicare Part A and Part B, You might have heard of Medigap or also known as Medicare Supplemental Insurance. This type of insurance is for individuals that need more coverage then just Part A and Part B of Medicare. It is sold by private insurance companies and all the plans are regulated by the federal government. If you need more information on Medigap please feel free to browse our blog or website. Now that you know more about the topic, let’s move on to why you would need to change plans.

Why would I need to switch my Medigap policy?

As your medical needs change over time, you might want to look over your policy. Maybe you need more coverage or maybe you need less coverage? Or maybe you can’t afford your current plan and need to switch. Medicare.gov does a great job covering this and breaks it down to 4 parts. You can read about that here.

When can I switch?

This becomes tricky as a lot of variables come into play when trying to switch plans. In most cases, you are “locked” into a plan, but like I said it really depends on things like: did you just get the plan? Or are you within your 6-month open enrollment period? If you are not sure you can give us a call and double check. We have USA, Licensed agents ready and happy to help.

Medigap free look period

If you decided to change your plan for whatever reason, you have what is called a Medigap “free look period”. This allows you to take 30 days and decide if you want the new policy. This period starts when you sign up for the new plan. We recommend not canceling your 1st plan, just in case you want to go back to it. However, this means you have to pay for both plans. Once you determine what plan you want to go with you have to cancel the other one.

Learn more about Medigap plans & rates in Michigan at http://emedigap-plans.com/michigan-medicare-supplement-plans.  Our Michigan Medigap Insurance brokers will help you compare Medigap Insurance rates and plans in Michigan today.  To talk to an expert in Michigan Medigap coverage call toll free 888-452-7949 today!

5 Important Facts That You Should Know About Medigap in NY

If you reside in New York and still wondering what a Medicare supplement is, well, to clear the dark cloud, Medicare supplement, also known as Medigap Insurance is a private health insurance policy that supplements the original Medicare plan. This means that Medigap covers part of the medical expenses that are not covered by Medicare. However, many people think that a Medicare supplement is a way to win Medicare benefits, but this is wrong.

Some details surrounding Medicare supplement insurance are confusing. If you act with the wrong information, it could lead to regrets down the road, so it’s wise to fortify yourself with these 5 important facts before purchasing a supplement plan in New York.

  • Medigap policies are meant to bridge the gaps that Medicare does not cover. Hence to get a supplement, you have to pay an additional fee on top of your Medicare plans. It’s a must to have Medicare part A & B before you can purchase a supplement.
  • In New York and other states, Medicare has ten standardized supplement plans – Plan A, B, C, D, F, G, K, L, M and Plan N. Medigap plans in New York are the same regardless of age or health status. However, the prices vary among different companies that operate in the state. So make sure you do thorough research and compare prices before you purchase a supplement plan. It pays to check with various companies available in your area before buying so that you can choose a plan that fit into your budget and health requirement, and not all companies offer all 10 plans.
  • In New York and other states, Medicare has ten standardized supplement plans – Plan A, B, C, D, F, G, K, L, M and Plan N. Medigap plans in New York are the same regardless of age or health status. However, the prices vary among different companies that operate in the state. So make sure you do thorough research and compare prices before you purchase a supplement plan. It pays to check with various companies available in your area before buying so that you can choose a plan that fit into your budget and health requirement, and not all companies offer all 10 plans.
  • Unlike in the past where one cannot get prescription coverage through Medicare, the current law stipulates that you can now get prescription coverage through Medicare. However, you cannot get prescription coverage from Medigap because there are no more gaps. So you can only get one through Medicare. However, if you need prescription coverage, kindly visit the official Medicare website and you will be instructed on how to fix the problem.
  • The law states that it is an offense to try to sell additional plans aside from the 10 standardized plans. The standard plans offer a wide range of options from which you can choose the right plan that is best for you. Run with a light speed from any agent or company that tries to sell any additional Medicare supplement coverage. It is unnecessary.

Finding the right Medigap Coverage in New York doesn’t have to be a challenge.  With these helpful facts coupled with your little research, you can easily get an appropriate coverage that is best for you.

Learn more about Medigap plans and rates at http://emedigap-plans.com/new-york-medigap-insurance-plans.  Medigap Insurance brokers will help you compare Medigap Insurance rates and plans.  To talk to an expert in Medigap coverage call toll free 888.404.5049 today!

Michigan Medigap Information

Information Covering Medigap In Michigan

Most people realize that they are eligible to enroll in Medicare when they turn 65.  When enrolling for Medicare, many people choose to purchase a Michigan Medigap insurance plan to cover the additional expenses that exceed Medicare’s basic benefits.  There are ten different Medigap policies that are available to participants in Michigan.  While the cost of Medigap policies is important there are a number of other factors to consider when purchasing a Medigap policy in Michigan.

Lake-Michigan

Michigan Medicare Basics 101

Medicare is a traditional fee for service insurance plan that is offered to all US residents once they turn 65 years of age.  Medicare consists of two parts: Medicare Part A and Medicare Part B.  Medicare Part A is considered hospital coverage and inpatient care.  Medicare Part B covers other routine medical care such as office visits to the doctor, physical and occupational therapy.  Medicare Part B is subject to a monthly premium paid out of pocket by the Medicare participant.

Many Medicare beneficiaries opt to buy a Medigap policy to cover copayments and other costs that exceed their original Medicare benefits.  Medicare Part C, otherwise known as the Medicare Advantage Plan, is not Medigap.  It is a plan that is offered by insurers and includes traditional fee for service coverage through PPOs and HMOs.  These plans may also include prescription drug coverage often referred to as Medigap Part D coverage.

Michigan Medigap Plans

All MI Medigap insurance plans are identified by letters and contain the minimum benefits that are set aside by the federal government.  For example Medigap Plan G has the exact same benefits whether you buy it from insurance company A or B, the only difference may be the cost.  The same is true state to state.  Michigan Medigap Plan G is the exact same coverage that Texas Medigap Plan G participants will be offered.

Unlike employer sponsored coverage which most of us are familiar with, Michigan Medicare and Medigap policies only offer coverage for one individual. Spouses must obtain their own coverage under a separate policy.  You and your spouse are not required to purchase the same type of policy.

Many plans offer in network and out of network benefits.  Benefits, coverage, will be higher when you choose to use services provided by in network providers.  If you are purchasing a plan, no matter the carrier, it is important to verify that your physician and preferred hospital are part of the network.

If you are looking to avoid limitations that accompany pre-existing conditions than it is critical you enroll in a plan during your open enrollment period.  Participants’ can enroll in Michigan Medigap plans anytime during the year but if enrolled outside of the open enrollment period you are not guaranteed coverage as you are during open enrollment.  Michigan Medigap insurance companies cannot deny you coverage for any reason, during the period, as long as you meet the requirements.

Basic Medigap Coverage Can Include:

  • Medicare approved inpatient expenses up to an additional 365 days after the maximum benefit under Medicare expenses have been paid
  • You are covered for your approved expenses under Medicare Part B depending on the coverage outlined in your Medigap policy. Some Medigap policies will cover your Medicare Part B deductibles so that you have minimal out of pocket expenses.
  • If you are in need of a blood transfusion the first three pints each year are covered.
  • Outpatient prescriptions and inpatient respite care coinsurance under Medicare hospice payments

Some plans offer more generous benefits than others.  The more benefits the policy has the higher the cost to participants.

These extra benefits can include:
  • Emergency health care when traveling outside the United States
  • Coverage for skilled nursing care after Medicare benefits cease
  • Medicare Part A and/or Medicare Part B deductibles at a full or partial level
  • Prescription drug coverage, Medigap Part D can be incorporated. Be sure you thoroughly review the benefits prior to adding this provision to your Medigap policy.

Learn more about Medigap plans & rates in Michigan at http://emedigap-plans.com/michigan-medicare-supplement-plans.  The Michigan Medigap Insurance brokers at e Medigap Plans will help you compare Medigap Insurance rates and plans in Michigan today.  To talk to an expert in Michigan Medigap coverage call toll free 888-452-7949 today!

How Medigap Will Benefit You

Medigap, also known as Supplemental Insurance for Medicare offers a variety of plans that help fill in missing Medicare coverage. They are supplemental insurance policies for Medicare beneficiaries that they can use to cover the rest of the expenses that Medicare cannot cover. Medigap Insurance works as a specialist insurance in a specific area and is related to Medicare, which means that one is linked to the other. The expenses generated by one can be covered by the other and vice versa.

Medigap insurance begins once you have verified that Medicare paid your share. Then the Medigap policy pays its share of Medicare and so on.

Each Medigap policy must be fully legal and meet the requirements required by state and federal laws to better protect the client. Medigap can only be paid through the person who made the contract and requires payment of a monthly premium.

Medigap is actually supplemental insurance; it means that Medigap supplements Medicare and that one cannot work without one. There are several things you should know when you have or purchase Medigap insurance. All standardized policies have a constant renewal service as long as you keep paying the premium. It is important to know that a person cannot sell you a Medigap policy if you already have a Medicare action plan.

The supplemental Medigap does not cover long-term general expenses, dentistry or ophthalmology, expenses incurred by hearing aids, eyeglasses or private nursing services. Medigap has a variety of plans that fit any type of person.

There are several things that you should consider when purchasing a Medigap insurance policy. It is important to know the limits and coverage that will have the necessary tools. Know the price of premiums, know if the price is related to the coverage and know if it is really worth paying the money for the services offered.

In case the person wants to move away from Medigap insurance and Medigap supplements should be absolutely sure to do so as it is a fairly large help for all people who could buy at some point. If you just want to change your policy for another you can also do it. Or you could decide to purchase and maintain a Medicare Advantage plan that has drug coverage.

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 888.404.5049 today!

Medigap Insurance in Michigan

stethoscope

Medicare provides beneficial coverage for health-related expenses but at the same time leaves gaps that are you either pay for out of pocket or with private insurance. Medigap policies are health insurance policy sold by a private insurance company to help fill in those gaps.

With Medigap there are no restrictive networks. You choose the physicians, specialists, and hospitals who accept Medicare patients that you trust for your care. You can go directly to the physicians you choose without pre-certification and pre-approvals.

The insurance benefits are predictable because Medigap plans are standardized by the government. This insurance may help with deductibles, copayments, and coinsurance.

Medigap Plans in Michigan

If you need help paying for out of pocket expenses related to Original Medicare, you may consider signing up for a Medigap plan. These plans aren’t meant to provide stand-alone coverage but may cover certain costs in Original Medicare such as emergency travel coverage and cost sharing expenses. There are various Medigap plans available in Michigan depending on your zip code so it is a good idea to understand what Medigap in Michigan covers to choose the plan that best fits your individual health and budget needs.

The Ins and Outs of Medigap Plans Work in Michigan

As mentioned, Medigap plans in Michigan are designed to help Medicare beneficiaries pay for costs associated with Original Medicare Part A and Part B, copayments, coinsurance, and deductibles. These plans can’t be used to pay for Medicare Advantage (Medicare Part C) costs. There are 10 standardized Medigap available in 47 states, including Michigan, and each plan is identified by a letter (A, B, C, D, F, G, K, L, M, and N) with plans of the same letter offering the same benefits. Three states, Massachusetts, Minnesota, and Wisconsin offer different types of standardized Medigap plans.

To be eligible for Michigan Medigap you must already be enrolled in Original Medicare Part A and Part B. Your Medigap open enrollment period is usually the best time to enroll in a plan and starts the first day you are both age 65 or older and enrolled in Medicare Part B. This enrollment period lasts for six months. During your Medigap open enrollment period, you have a guaranteed issue to enroll in and Medigap plans available in your service area.

Participants cannot be denied coverage altogether because of their health status or required to undergo medical underwriting; however, insurance companies may require a six month waiting period before covering your pre-existing conditions. If you try to enroll in or switch plans outside of the Medigap open enrollment period there is a chance you may be denied coverage or charged more for your insurance plan unless you have guaranteed issue rights. There are a few situations where you can still enroll in or change plans with guaranteed issues such as your Medigap insurance company misled you or broke the rules when selling you a Medigap policy.

It is important to understand that Medigap in MI is meant to supplement Original Medicare and not to replace it all together. You have to remain enrolled in Original Medicare for your hospital and medical coverage and you will need to keep paying your Medicare Part B premium to keep this coverage. In addition, be aware that Medigap plans in Michigan do not offer prescription drug coverage so if you want to receive that type of coverage you will need to enroll in a standalone Medigap Plan D prescription drug policy.

Learn more about Medigap plans & rates in Michigan at http://emedigap-plans.com/michigan-medicare-supplement-plans. Our Michigan Medigap Insurance brokers will help you compare Medigap Insurance rates and plans in Michigan today. To talk to an expert in Michigan Medigap coverage call toll free 888-452-7949 today!

Do you need Medigap Coverage if I’m Healthy?

Healthy eating Medigap is additional health care insurance provided by private insurance companies to cover the gaps in the Original Medicare Plan.  Medigap policies are regulated by Federal and State laws in order to protect you as a beneficiary.  Medigap policies have to be clearly labeled as Medigap and are standardized.  Medigap was designed to help pay the costs that Medicare does not cover.  Medigap is also known as Medicare Supplemental Insurance Plans.

Do you need Medigap coverage if healthy?  The answer is yes because Medigap is an extra health insurance plan to keep or make you feel safe as it covers costs not covered by Original Medicare such as co-payments, deductibles, and health care if you travel outside the U.S. This coverage is very ideal for health issues outside the country.

With most Medigap plans you can go to any doctor or hospital that accepts Medicare.  You will give them your Medicare card and your supplemental plan ID card.  Original Medicare will pay its share.  Your Medigap plan will pay your share of the costs depending on what the plan covers that you have chosen.  It may also coordinate payment with Medicare and your health care providers.  That means you will not have to bother with claim filing or paperwork.

Medigap insurance is available to help you cover those expenses that either fall through the cracks of Medicare or aren’t fully covered under the government plan.  Medicare was never intended to be a full coverage plan but rather to cover those retirees who could not afford full health insurance.  It best you get it even when you are health that when you are ill.  Don’t wait until you have a major medical emergency!

Now you can find Medigap right from the convenience of your computer.  It is recommended that you enroll in this type of insurance soon after reaching retirement age so don’t dely.  Every year will bring an increase in premiums if you delay signing up.  There is no excuse not to get coverage when you can enroll in this vital insurance program without even leaving your home.

How It Works

Generally, before you can Medigap plan, you have to be at least 65 and enrolled in Original Medicare Part A and Medicare Part B.  You apply for a Medigap plan offered by a health insurance company.  These plans only cover one person, so if you and your spouse both want Medigap coverage, you will each need a plan.  It does not have to be the same plan.

Before you get Medigap coverage you should be familiar with what it is.  Remember, Medigap is structured in a way that all the plans of the same name offer the same coverage regardless of the company that offers it.  Therefore, your challenge boils down to being familiar with what each of the coverage benefits are so that you know exactly what to expect from the available options.  This will help you determine which is best for you.

 

Medigap Eligibility Requirements

Medigap coverage works only in conjunction with Medicare Part A and Part B.  Acceptance of your Medigap application is guaranteed if you are 65 or older and apply within six months of your initial enrollment in Part N of Medicare.  Pre-existing conditions are usually waived during this period of time as well.

Here are the most common Medigap coverage benefits and what each does for your medical needs.

Medicare Part A Coinsurance

  • Available in all Medigap Plans A through N
  • Requires participants to pay for a share of the costs of the services needed
  • Applicable after your deductible has been covered

Example: Suppose you have a Medicare Part A service and your coinsurance states that you pay for 20% of the fee for that service; in terms, this means that your Medigap coverage takes care of the remaining 80% of the bill.

Medicare Part B Coinsurance
  • Available in all Medigap Plans A through N with limitations specific to Plans K and L
  • Similar to coinsurance for Medicare Part A except that it pertains only to service that fall under the Medicare Part B classification
  • Using medical services that falls under Medicare Part B you pay the coinsurance rates as specified in your plan while your Medigap coverage shoulders the remaining charge of the bill
Blood Coverage
  • This coverage comes with all Medigap Plans from A to N with special limits to Plans K and L
  • All Medigap offers blood transfusions of up to 3 pints
  • Patients must pay for any additional blood that is needed after they use their 3 pints
Medicare Part A Hospice Care Coinsurance
  • This coverage comes with all Medigap Plans from A to N
  • Similar to Part A and Part B coinsurance except it is specific to hospice care
  • If hospice eligible your insurer pays for the charges remaining after you paid your share
Skilled Nursing Facilities
  • Certain limited care that is provided at skilled nursing facilities
  • Most cover 50 to 100% of the coinsurance for hospice care
  • Medicare Part A and Medicare Part B do not include this benefit on their own
Foreign Travel
  • Medicare provides coverage only in the U.S. and its terriorties
  • Medigap plans are purchased to cover foreign travel emergencies as limited on their plans
  • If you are traveling outside of the U.S. often consider Medigap Plan C, D, F, G, M, or

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 today!

What Is a Medigap Plan?

A Medigap plan covers costs associated with Original Medicare including copayments, deductibles, and other out of pocket expenses.  These plans are designed to work in combination with Original Medicare and cannot be used as stand-alone health coverage.  Medigap plans do not include prescription drug coverage but participants can choose to have prescription drug coverage by enrolling in Medigap Plan D, prescription drug coverage.

Medicare nurse

As of today there are ten different standardized Medigap plans to choose from.  Each plan is denoted by a letter of the alphabet starting with Plan A.  Medigap Plan A provides the most basic set of core benefits.  All of the other Medigap Plans include the benefits that are offered in Medicare Plan A along with additional coverage options.

The Medicare program is currently divided into four specific parts including: Medicare Part A, hospital coverage, Medicare Part B, physician’s coverage, Medicare Advantage Program, HMOs and PPOs, and Medigap Plan D, prescription drug coverage.

Medicare Part A: Hospital Insurance

  • Services related to inpatient centers such as:
  • The hospital
  • Nursing facilities
  • Hospice
  • Home care

Medicare Part B: Medical Insurance

  • Service related to physician’s care such as:
  • Doctor’s visits
  • Outpatient care
  • Preventative treatments

Medicare Advantage Program: HMOs and PPOs

  • Private insurance companies for you to choose from if you do not want Medicare

Medigap Plan D: Prescription Drug Coverage

  • Provides coverage for prescription drug coverage
Medigap Standardized Plans
  • Medigap Plan A – Basic core benefits
  • Medigap Plan B – Basic core benefits and the Medicare Part A deductible
  • Medigap Plan C – Basic core benefits, the Medicare Part A deductible, skilled nursing facility care, the Medicare Part B deductible, and medically necessary emergency care in a foreign country
  • Medigap Plan D – Basic core benefits, the Medicare Part A deductible, skilled nursing facility care, and medically necessary emergency care in a foreign country
  • Medigap Plan F – Basic core benefits, the Medicare Part A deductible, skilled nursing facility care, Medicare Part B deductible, 100% Medicare Part B excess charges, and medically necessary emergency care in a foreign country
  • Medigap Plan F Prime – Offers a high deductible option, increase every year and premiums are typically lower than other Medigap, deductible must meet the deductible before the policy covers your health claims
  • Medigap Plan G – Basic core benefits, the Medicare Part A deductible, skilled nursing facility care, 100% Medicare Part B excess charges, and medically necessary emergency
  • Medigap Plan K – Basic core benefits, provides 50% of the cost sharing for Medicare Part A covered hospice expenses, first three pints of blood, pays 50% of the Part B coinsurance after meeting annual deductible, after meeting your annual out of pocket spending limit Medicare Plan K will pay 100% of all Medicare Parts A and Medicare Part B deductible, copayments, and coinsurance
  • Medigap Plan L – Basic core benefits, provides 75% of the cost sharing for Medicare Part A covered hospice expenses, first three pints of blood, pays 75% of the Part B coinsurance after meeting annual deductible, after meeting your annual out of pocket spending limit Medicare Plan K will pay 100% of all Medicare Parts A and Medicare Part B deductible, copayments, and coinsurance
  • Medigap Plan M – Basic core benefits, Medicare Part A deductible, skilled nursing facility care and medically necessary emergency care in a foreign country
  • Medigap Plan N – Basic core benefits, Medicare Part A deductible, skilled nursing facility care, and medically necessary emergency care in a foreign country

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 today!

Comparing Medigap Plans in Michigan

As old age beckons, we embrace it by ensuring that we have access to the best medical care available in order to stay healthy and happy. The sad truth is that the best medical care does not come cheap. It is very expensive and without planning, you might end up spending your entire retirement nest egg on frequent trips in and out of the hospital.

For people who live with this constant fear in Michigan, you can take advantage of comparing Michigan Medigap quotes and rates so you can get that retirement you truly deserve.

The government’s answer to the plight of countless seniors who just want a retirement in good health is Medicare. Medicare is a federally funded program which channels taxpayers’ money into an insurance plan that provides health coverage for specified individuals. Medicare is an insurance plan that provides seniors over 65, younger people with disabilities and people with End-Stage Renal Disease (ESRD) a platform where they can access healthcare for their needs.

Medicare provides a lot of benefits and helps to take off the immediate burden on the people covered by the program. However, it runs on a limited scope which means people might find themselves paying out of their pockets for additional expenses that are not covered by the Medicare program.

When you access Medicare, you either choose Medicare Part A and /or Medicare Part B and Medical Advantage which comes along with HMO and PPO plans. Seniors who pick any of these options in Michigan soon have to face the reality that all their medical expenses will not be covered.

To help solve this problem, certain Medicare supplemental plans or Medigap as it is more commonly referred to have been introduced. There are 10 Medigap plans to choose from in order to cover all the gaps left by Medicare. These plans are standardized meaning that their content is the same across all the states.

They basically cover nine gaps which are outlined below:

Medicare part A Coinsurance

Medicare Part A Deductible

Medicare Part B Coinsurance

Medicare Part B Deductible

Skilled Nursing Care Coinsurance

Hospice/ Care Coinsurance / Co payment

Charges for First Three Pints of Blood

Medicare Part B excess charges

Foreign travel exchange

However different Michigan insurance providers offer different quotes or rates for these plans. We help you compare MI Medigap plans on offer and find the one that is most suited to your health needs. The most important tool why considering which plan to pick is information. First you must first be aware of which gaps you must absolutely fill to give you the best health care possible. This means you must know what each supplementary plan guarantees.

You also have to find a reputable insurance provider. We do not just compare Michigan Medigap quotes and rates but help you choose a solid company that will not go bankrupt, leaving you stranded.

You do not have to lose your entire savings in search of quality healthcare. Let us compare MI Medigap plans that are available and provide the perfect fit for you and your budget.

Learn more about Medigap plans & rates in Michigan at http://emedigap-plans.com/michigan-medicare-supplement-plans.  Our Michigan Medigap Insurance brokers will help you compare Medigap Insurance rates and plans in Michigan today.  To talk to an expert in Michigan Medigap coverage call toll free 888.404.5049 today!

Medigap Enrollment in Michigan

Enrolling in Medigap is important in a number of ways but the primary benefit is that it can help protect you from financial disaster in cases of prolonged illness or serious accidents.  For those participants that are not familiar with Medigap below is a shot explanation of exactly what it is and what it does for policyholders.

Hike in Michigan

A Medigap policy is a health insurance policy that is sponsored by the federal government and sold through private companies to supplement the benefits and services obtained through Medicare.  Although private companies sell Medigap it is regulated closely by federal, state, and local governments to ensure that participants have the opportunity to be covered if desired.

The name Medigap comes about because of the function that is provides between Medicare and additional services.  The gap that is left between the cost of medical bills and what Medicare actually pays towards these expenses is often covered with the purchase of additional insurance in the form of a Medigap plan.

There are a number of parts to Medicare and ten different plans within Medigap that you can enroll in.  Regardless of which one Medicare recipients in Michigan choose from it is crucial to note that it is not going to cover all of your hospital, pharmaceutical, and doctor’s bills in a medical emergency.  However, it will prevent the financial disaster that would have occurred without participation in the Medicare and Medigap programs.

As we all know medical costs have been skyrocketing for a number of years now and don’t seem to be letting up anytime soon.  A major medical problem which includes a long stay in the hospital could cost you easily $100,000 or more.  Even with Medicare covering 80% of that, you are still responsible for $20,000 or more in leftover medical bills.  For the average American this could wipe out your entire savings at the time when you most need it.

One of the best things about Michigan Medigap Plans is that you can enroll in one of your own choosing at the age of 65 without any medical questions asked.  This opportunity is only available for three months before you turn 65 to three months after you have turned 65.  This means it is very important to participate in a Medigap plan during the period.  If you wait until this window of opportunity is closed you could end up paying a lot more for the same policy or worse yet you could end up without coverage.

Going with a low priced Medigap Plan may sound appealing but remember that you may not be able to change plans after your health deteriorates.  During your open enrollment period the insurer cannot refuse your application for Medigap insurance or charge you a higher than standard rate or limit coverage for pre-existing health problems.

Your medical history is completely irrelevant during open enrollment which typically begins on the first day of the month in which you are at least 65 and enrolled in Medicare Part B.  This golden opportunity only lasts for six months.  Outside of open enrollment you may not be able to find an insurer that will allow you to enroll in a different plan with a pre-existing condition.  That’s why you may save in the long run by enrolling in the Medigap Plans in Michigan with the best protection when you have the chance.

Learn more about Medigap plans & rates in Michigan at http://emedigap-plans.com/michigan-medicare-supplement-plans.  Our Michigan Medigap Insurance brokers will help you compare Medigap Insurance rates and plans in Michigan today.  To talk to an expert in Michigan Medigap coverage call toll free 888-452-7949 today!

Understanding Medigap Plаnѕ

Medigap is a tуре оf ѕuррlеmеntаl іnѕurаnсе thаt hеlрѕ to fill іn gaps that you mау hаvе in your Medicare соvеrаgе. Medigap рlаnѕ аrе usually provided bу private hеаlth insurance рrоvіdеrѕ in addition tо your Medicare plan. Thеѕе рlаnѕ are optional. Thеу аrе dеѕіgnеd tо provide additional coverage for уоu fоr any expenses thаt аrе nоt соvеrеd by уоur Mеdісаrе рlаn. Thеѕе рlаnѕ рrоtесt уоu and аrе rеgulаtеd bу the fеdеrаl government. Thеrе аrе several plans, and each рlаn hаѕ іtѕ own bеnеfіtѕ.

Thоѕе who vаluе аddеd ѕесurіtу wіll fіnd it in Mеdіgар рlаnѕ whісh ѕеrvе tо аugmеnt thе fіnаnсіаl, mеdісаl rеԛuіrеmеntѕ bеуоnd a Mеdісаrе соvеrаgе. Of соurѕе, this іѕ greatly useful еѕресіаllу thеѕе days whеn есоnоmіеѕ around the wоrld аrе nоt аt thеіr bеѕt. Prісеѕ of commodities аrе soaring еvеrуwhеrе, аnd this includes even mеdісаl trеаtmеnt and the соѕt of mеdісіnеѕ. While іt may not pose a ѕіgnіfісаnt рrоblеm fоr those аbоvе thе ѕосіаl lаddеr, аvеrаgе іndіvіduаlѕ аnd families have сlеаrlу been аffесtеd. Tо avoid hospitalization соѕtѕ, some would еvеn орt tо stay hоmе and ѕеlf-mеdісаtе simply. But with a Mеdісаrе supplement plan tо bridge оnе’ѕ Mеdісаrе coverage аnd actual hospital bіllѕ, the рrоblеm is еlіmіnаtеd.

However, аlthоugh the promise of a Mеdіgар policy саn be a truе lіfеѕаvеr, choosing thе rіght рlаn іѕ not something one саn do indiscriminately, especially іn tеrmѕ of thе рrоvіѕіоnѕ оn medicines. Whіlе thе іntеntіоn tо mislead mау nоt bе there, ѕоmе реорlе are асtuаllу mіѕlеd bу whаt an insurance рrоvіdеr mау offer. In fасt, thеrе соuld bе a numbеr оf рhаrmасеutісаllу related іѕѕuеѕ іn tурісаl supplementary рlаnѕ whісh еvеrу роtеntіаl buуеr must examine.

Onе of thе mоѕt common ріtfаllѕ that реорlе fіnd thеmѕеlvеѕ in соnсеrn actual drug рrісеѕ whісh mау bе оffеrеd іn a ѕоmеtіmеѕ dесерtіvе wау. Whеn looking іntо thіѕ, іt іѕ important to соnѕіdеr the average соѕt of еасh drug thrоughоut a уеаr as individual costs саn differ depending оn hоw the рlаn is designed to соmрutе рrісеѕ. Anоthеr thіng thаt ѕhоuld bе lооkеd into іѕ the асtuаl соvеrаgе оf a drug thаt іѕ рrеѕеntеd to be раrt оf thе рlаn. Sоmеtіmеѕ, іnѕurаnсе providers advertise drugs аѕ included in a рlаn расkаgе but there іѕ actually another rеԛuіrеmеnt thаt has to be fulfilled bеfоrе those drugѕ саn be соvеrеd ѕuсh аѕ the purchase оf оthеr drugѕ оr getting a physician’s аuthоrіzаtіоn bеfоrеhаnd. Another роѕѕіblе ѕоurсе of confusion соuld bе thе соѕt оf mail-order drug dеlіvеrу whose cost varies grеаtlу frоm рlаn tо рlаn. It is аlѕо important tо сhесk whаt pharmacies wоrk wіth whаt plans tо bе ѕurе that you саn take advantage of a сеrtаіn bеnеfіt thаt іѕ claimed bу thаt plan thаt you are соnѕіdеrіng tо buу.

Althоugh thе general соnсерt of Medigap insurance іѕ beneficial to аll, thеrе аrе dіffеrеnt рlаnѕ thаt will be ѕuіtеd tо реорlе wіth varying nееdѕ аnd сіrсumѕtаnсеѕ. Bесаuѕе medicines рlау a significant part in аnу соurѕе оf trеаtmеnt, they should bе a mаjоr соnѕіdеrаtіоn whеn lооkіng fоr thе best рlаn to buу.

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 888.404.5049 today!