That is a terrific question! Unless you have a ton of money, unfortunately the answer is probably yes. The name says it all. There is a gap between what Medicare will cover, and what most people will need, when it comes to medical practices, procedures, and prescriptions.
That gap in coverage then falls entirely upon you. For most people, the expense of the coverage is more than they can afford. To fill that gap, many health insurers created policies that help pay for those procedures, practices, and prescriptions.
I'd recommend that you speak with your adviser about your current health insurance coverage, your social security and medicare options, and the likelihood of needing a medigap plan, so that you can plan accordingly. Thank you for asking!
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That gap in coverage then falls entirely upon you. For most people, the expense of the coverage is more than they can afford. To fill that gap, many health insurers created policies that help pay for those procedures, practices, and prescriptions.
I'd recommend that you speak with your adviser about your current health insurance coverage, your social security and medicare options, and the likelihood of needing a medigap plan, so that you can plan accordingly. Thank you for asking!