Life & Health Insurance Agent, The Tooker Agency, Riverhead NY
A Medigap plan would be needed if it is affordable to you and if it is appropriate for your medical insurance needs. Not everyone needs or even wants one. You are not required to have one.
Are your medical out of pocket expenses prohibitive? A Medigap plan would fill in some of the gaps of your Medicare plan's deductibles, co-payments and benefit periods. If you decide you need a Medigap plan you will not have to shop around for the differences in the plans. All Medigap plans are the standardized. By that I mean, if you compare Plan K with insurance company "A" it will be exactly the same as Plan K with insurance company "B" The only difference then would be the cost of the plan.
If it fits within your budget I believe it is a good idea to have a Medigap policy.
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Are your medical out of pocket expenses prohibitive? A Medigap plan would fill in some of the gaps of your Medicare plan's deductibles, co-payments and benefit periods. If you decide you need a Medigap plan you will not have to shop around for the differences in the plans. All Medigap plans are the standardized. By that I mean, if you compare Plan K with insurance company "A" it will be exactly the same as Plan K with insurance company "B" The only difference then would be the cost of the plan.
If it fits within your budget I believe it is a good idea to have a Medigap policy.