Consider that Medicare pays about 80% of hospital and outpatient claims, relying on Medicare alone might be a pricey gamble.
You may not need a comprehensive Medigap plan F that covers all approved Medicare Part A and Part B claims but most people will want some assistance.
For many, Medicare supplement plan G or N is a good alternative. For those on a tight budget or if you have ample savings, Medigap Hi F is a consideration.
Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
Medicare is inadequate to meet the needs of most participants. It was designed to provide a “safety-net.” Part A covers only hospitalization so participation in Part B is almost required for most participants. The level of coverage provide by part B is inadequate for most people so supplemental policies have been designed to meet those additional needs. There isn’t any drug coverage outside the hospital in Medicare so Medicare Part D is available to offset the cost of medication. There is a significant exposure to the need for long term care and Medicare doesn’t address that situation at all.
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Consider that Medicare pays about 80% of hospital and outpatient claims, relying on Medicare alone might be a pricey gamble.
You may not need a comprehensive Medigap plan F that covers all approved Medicare Part A and Part B claims but most people will want some assistance.
For many, Medicare supplement plan G or N is a good alternative. For those on a tight budget or if you have ample savings, Medigap Hi F is a consideration.