Medicare has two parts. Part A (hospital) and Part B (outpatient).
Medicare only pays about 80% of the cost of your care, you pay the other 20%. Your financial responsibility is unlimited.
If you are comfortable with paying large deductibles for hospital admission and 20% of outpatient charges you may not need a Medigap plan.
The per admission Medicare Part A deductible is $1184. The Part B annual deductible is $147 followed by 80% coinsurance. (Medicare pays 80%, you pay the balance).
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Consider this.
Medicare has two parts. Part A (hospital) and Part B (outpatient).
Medicare only pays about 80% of the cost of your care, you pay the other 20%. Your financial responsibility is unlimited.
If you are comfortable with paying large deductibles for hospital admission and 20% of outpatient charges you may not need a Medigap plan.
The per admission Medicare Part A deductible is $1184. The Part B annual deductible is $147 followed by 80% coinsurance. (Medicare pays 80%, you pay the balance).