Medigap is Medicare Supplement Insurance that helps fill "gaps" in Original Medicare and is sold by private companies.
Original Medicare pays for much, but not all, of the cost for covered health care services and supplies. A Medicare Supplement Insurance Plans Nassau country policy can help pay some of the remaining health care costs, like: Copayments, Coinsurance and Deductibles.
Some Medigap policies also cover services that Original Medicare insurance Nassau country doesn't cover, like medical care when we travel outside the country. If you have Original Medicare and we buy a Medigap policy, here's what happens, medicare will pay its share of the medicare-approved amount for covered health care costs. Then, our Medigap policy pays its share.
8 things to know about Medigap policies:
1. We must have Medicare Part A and Part B.
2. A Medigap policy is different from a Medicare Advantage Plan. Those plans are ways to get Medicare benefits, while a Medigap policy only supplements our Original Medicare benefits.
3. We pay the private insurance company a monthly premium for our Medigap policy. You pay this monthly premium in addition to the monthly Part B premium that we pay to Medicare.
4. A Medigap policy only covers one person. If we and our spouse both want Medigap coverage, we will each have to buy separate policies.
5. We can buy a Medigap policy from any insurance company that's licensed in our state to sell one.
6. Any standardized Medigap policy is guaranteed renewable even if we have health problems. This means the insurance company can't cancel our Medigap policy as long as we pay the premium.
7. Some Medigap policies sold in the past cover prescription drugs. If we want prescription drug coverage, you can join a Medicare Prescription Drug Plan (Part D).
8. It's illegal for anyone to sell a Medigap policy if we have a Medicare Advantage Plan, unless we are switching back to Original Medicare.
Medigap policies don't cover everything. It generally doesn’t cover long-term care, vision or dental care, hearing aids, eyeglasses, or private-duty nursing.
Dental insurance Nassau country help many people effectively budget for the cost of maintaining a great smile. Compared with medical insurance, understanding dental insurance policies is a breeze. Dental insurance is available as part of medical insurance plans or as a stand-alone policy. Most dental insurance policies have waiting periods ranging from six to 12 months before any standard work can be done. Waiting periods for major work are typically longer and can be up to two years. These periods are set in place by insurance companies to guarantee that they profit off a new account and to discourage people from applying for a new policy to cover impending procedures.