Medigap Insurance Plans Are Friend Of You After 65
Medicare Supplement Plan or Medigap Insurance Plan is the private health insurance plans that are for those people who already have a Medicare policy
. The Medigap or Medicare supplement plans helps the Medicare beneficiaries to bear that extra medical cost that are left aside by the original plans. The name Medigap is suggested because it is believed that these policies bridges the gap between the Medicare coverage and the original expenses or the total bill charged. However in the recent studies it is seen that in the United States about 18% of the people having original Medicare policy goes for the supplement plans also.
Therefore for that reason the Medicare Supplement plans are introduced so that you can meet those extra costs that are left aside by your Original Medicare plan. And for that reason these policies are also known as the Medigap insurance plans. These are supplementary plans having close relationship with the Original Medicare plans. The Medicare Supplement Plans are totally administered and sold by the private insurance companies and there are 12 standard Medigap insurance plans that are to be sold by them. These plans are named from A through L and each plan provides different sets of benefits. In 2006 it has been clearly stated that the Medigap Plans H, I, and J, cannot be sold to people with prescription to drug benefits, although there is a lax of this rule for people who already have those plans and they can keep them. Among these twelve plans plan A and plan B are the most important plans to follow.
Centers of Medicare and Medicaid Services (CMS) standardized these supplemental Medicare insurance plans in 1992. But Medigap insurance plans existed even before that. The seniors possessing the plans prior to 1992 are still under non-standard plans. But these plans are no longer eligible for the new plans. It is to be mentioned that the Medigap insurance plans or the Medicare supplement plans are sold by the private insurance companies and there are no government sponsorship behind them. And it should be mentioned that for this reason the plans may differ from state to state.
There are lots many private companies who sell these Medigap insurance plans and these are known as Medicare Supplement Insurance Companies. They have to obey some basic rules and regulations and do not take any private or own change in the whole course of these plans. They are more or less fixed. There is Medicare Supplement Comparison. This will tell you which will be good to choose and which should be avoided. You can compare Medicare Supplement Plans with the help an agent who holds a good knowledge about these things and then you can decide what you will book for your better and tension free retired life to stay fit and healthy. Medigap plan California is good and trust worthy name in this field. Medigap insurance California can be called Best Medicare Supplement Plan for its unique and unconditional serving to its customers.
by: William Richards
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