Co-Founder, TermInsuranceBrokers.com, Goldenzweig Financial Group, Las Vegas, Nevada
"Medicare coverage gap" refers to the portion of costs that Medicare does not pay for, leaving you responsible to pay this portion. In general, Medicare will pay for 80% of your healthcare expenses and you would be responsible for the other 20%.
A Medicare supplement plan (also known as a Medigap plan) can cover the "gaps" in Original Medicare (Parts A & B). There are 10 different plans. Plan F is the most comprehensive (also the most expensive), while plans G and N offer similar benefit structures, but lower premiums. The major advantage of having a Medigap plan is it creates a very predictable expense structure.
Consult with an independent agent/broker to review Medigap plans and how they can help you. If you have any questions or would like assistance, feel free to send me a private message or check out my website, TermInsuranceBrokers.com, for plan benefit information (a link is available on my profile page).
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A Medicare supplement plan (also known as a Medigap plan) can cover the "gaps" in Original Medicare (Parts A & B). There are 10 different plans. Plan F is the most comprehensive (also the most expensive), while plans G and N offer similar benefit structures, but lower premiums. The major advantage of having a Medigap plan is it creates a very predictable expense structure.
Consult with an independent agent/broker to review Medigap plans and how they can help you. If you have any questions or would like assistance, feel free to send me a private message or check out my website, TermInsuranceBrokers.com, for plan benefit information (a link is available on my profile page).