We tend to require more expensive and extensive medical care the older we get. If the cost of your insurance exceeds the limit of the insurance, your life may be at stake because there may be a question as to whether you have enough money for the medical treatment that you require. Fortunately, there is still a way to have all of the expenses covered through Medicare supplement plans, or Medigap plans.
Medicare is a government program that pays roughly 80% of a persons medical care costs. A medicare supplement plan is designed to cover the remainder of the costs. This enables a person to be able to afford any treatment that is available, no matter what the cost. Medicare supplemental plans are only available to people who are age 65 or over, or for disabled persons who are under age 65.
Medigap coverage is relatively inexpensive, because it only covers the difference of what Medicare doesn’t cover. This way, Medicare Supplement coverage is within the range of affordability for most people. It is a comforting thought to know that you will have excellent health insurance coverage no matter where you have to go to the doctor, because you are covered with any doctor, as long as he or she accepts Medicare.
You can apply for a Medicare Supplement plan, with no pre-existing condition exclusions 3 months prior to your 65th birthday and after your birthday as well for an additional 3 months. After that you will have to qualify medically if you are applying for a new plan, or you have a qualifying event, such as you company ceasing to do business in the state in which you live. Whether you are inside the window or not, getting the best rates depends on getting good medicare supplement quotes. You can get the best quotes from a local agent or use CompareMedicareSupplements.net to get a set of Medigap quotes that are customized to you.
People should look into a Medicare Supplement plan when they are nearing retirement in order to take advantage of the benefits for which they are entitled.