An insurance policy that is not being sponsored by the government is what the Medigap policy is all about. This is one way for private companies to be able to bridge the gap that an ordinary Medicare policy is not able to give. It is the non government agencies that will be able to provide the benefits that this insurance is offering. Filling the gap of your Medicare policy is what his insurance is all about whhc is also known as Medicare Supplement Insurance. It is you that needs to be under a Medicare policy before you are able to avail of a Medigap policy. It is you that will be able to choose from 12 different plans when choosing to have a Medigap policy. There are combo plans that one will be able to get with a Medigap policy which is a great addition to what your Medicare policy will be able to provide.
If you are already insured under a Medicare Advantage Plan then you are not qualified to avail for a Medigap policy anymore. It is considered to be illegal once someone will be selling it to you. Whenever you are opting for this kind of policy then you can get almost the same kind of coverage except for states like Massachusetts, Minnesota, and Wisconsin. It is policies M and N that is beg added since the plans E, H, I and J are not available.
The basic benefits that each plan is also able to offer is a thing that you need to know. There are the same benefits that ne will get when choosing a plan from A through J. After your Medicare policy expires that your policy is still covered for another 365 days if you choose plan A. It is also your appareled Medicare expenses that 20 percent of it will be covered under the part B. It is also under this policy that three pints of blood each year will also be covered.
Once your policy expires that it is the Plan K that will be covering the coinsurance of part A and that is for another 365 days. Half of the hospital expenses shared between the Medicare and Medigap policy, first three pints of blood every year and co-payments under part B policy are also being covered under the plan K. For preventive services falling under part B that it will be 10 percent covered for coinsurance when choosing plan K.
Then total expenses that also under plan K will be covered by plan L. Plan L is also the en that will be covering your plan A after it expires for another 365 days. It is plan C through J that one must also choose when planning to have a Foreign Travel Emergencies coverage.