Adler insurance in Prescott explains some information about Medigap policies

Medicare provides a whole lot of coverage, but it doesn’t cover everything. Medigap is extra health insurance that you buy from a private party to cover co-payments, deductibles, and health care when traveling outside the United States, however you will pay a monthly premium for a Medigap policy. Adler Insurance brings you this information on the basics of Prescott Medigap policies.

Am I eligible for Medigap?

Medigap policies are only available to people who have Medicare Part A and Medicare Part B, although people who have a Medicare Advantage plan cannot get a Medigap plan. Medigap policies won’t cover long-term care, dental care, vision care, hearing aids, eyeglasses, and private-duty nursing. And most plans do not cover prescription drugs.

If you are going to buy a Medigap plan, the open enrollment period is six months from the first day of the month of your 65th birthday. If you and your spouse want Medigap coverage, you’ll need to buy separate policies; spouses aren’t covered together.

What is the cost?

Premiums vary among insurance companies, but the benefits of each standard Medigap plan are always the same. There are many different Medigap policies to choose from, however there is no difference in plans offered by different insurers; plan details are all set by the government.

The cost of your Medigap policy depends on the type of plan you buy, the insurance company, your location, and your age. A standardized Medigap policy is guaranteed renewable, even if you have health problems, if you pay your premiums on time.

Still want to know more?

For more information on the specifics of Medigap plans, give us a call today! We can help you to choose a policy that will meet your needs. Contact Adler Insurance in Prescott, call 928-710-1455 or visit our website at http://www.adlerlifehealth.com today.

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