Don't these politicians and advocates know that people on Medicare pay a monthly premium of $110 to $125 a month, need a Medigap policy
and a prescription drug policy, both with monthly premiums, and have no dental coverage or long-term care?
Because Medicare Advantage plans often cover more things than Original Medicare, there's no need for a Medigap policy
to supplement it.
The Association posted a 10-year history of Medigap policy
sales growth as part of the report.
In 2011, Jerald Friedman, a Medicare beneficiary, purchased Medigap health insurance through a group Medigap policy
held by AARP Insurance Plan and underwritten and sold by UnitedHealthcare.
Tip: Medicare benefits cover some medical costs during retirement, but consider signing up for supplemental insurance, such as long-term-care insurance or a Medigap policy
or a Medicare Advantage Plan.
Be aware of the underwriting terms of the Medigap policy
their customer is purchasing because this has implications for the future: Premiums are increasing.
Plan N policies accounted for only 6.8 percent of total 2014 Medigap policy
enrollment, but they were responsible for about 32 percent of 2014 enrollment growth.
A Medicare supplement policy, or Medigap policy
, helps consumers fill in the many enormous coverage gaps left by the original Medicare Part A hospitalization plan and the Medicare Part B physician services plan.
If Medicare does not cover all your child's medical needs, you can look into purchasing a Medigap policy
. A Medigap policy
is a health insurance policy sold by private insurance companies to fill gaps in Medicare coverage.
Many agents today will help their client with a Medigap policy
and then refer them to Medicare.gov to choose their own drug plan.
(1.) Centers for Medicare and Medicaid Services, "Choosing a Medigap Policy
: A Guide to Health Insurance for People with Medicare," 2012, 16, www.medicare.gov/Publications/Pubs/pdf/02110.pdf.
other investments, care options for seniors, safety ratings for Medigap policy
companies, how to save money on insurance, the elements of an auto policy and required state coverage, recommended auto insurers, and long-term care premium rates.