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	<title>New answer on: Why Do You Need Medigap Insurance?</title>

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		<title>By: Jeffrey VanCleve</title>

		<link>https://insurancelibrary.com/medicare-insurance/why-do-you-need-medigap-insurance</link>

		<dc:creator>Jeffrey VanCleve</dc:creator>

		<pubDate>Mon, 17 Nov 2014 21:26:40 +0000</pubDate>

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		<description><![CDATA[Medigap Insurance, also called &quot;Medicare Supplement&quot; Insurance works with original Medicare (Parts A and B) to provide coverage for the &quot;gaps&quot; - the coinsurance and deductibles required to be paid by the Medicare beneficiary (consumer) under original Medicare.  Although Medicare represents excellent insurance coverage, these &quot;gaps&quot; can be expensive for the consumer.  For example, the Part A (hospitalization) deductible for 2015 is $1,260, and the Part B (doctors costs,etc.) is $147 plus 20% coinsurance.  A Medigap policy insures these potentially large &quot;gaps&quot; with the payment of a known monthly premium.  Medigap Insurance is optional for the consumer - there is no &quot;requirement&quot; to purchase it, although it is a good idea to get some Medigap coverage if staying with original Medicare.  Alternatively, Medicare beneficiaries may select a Medicare Advantage Plan.  Although there are costs and limitations in Medicare Advantage Plans, a beneficiary does not need, nor can they purchase Medigap Insurance under a Medicare Advantage Plan.]]></description>

		

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