Medicare Supplemental Health Insurance
by labanex
Medicare Supplemental Health Insurance
What is Medicare Supplemental Health Insurance and why you need it.
Also called “Medigap” Insurance it is sold by Private Insurance Companies and covers gaps in Medicare Coverage.
The Medicare program provides healthcare coverage to approximately 44 million Americans, making it America’s largest government-sponsored healthcare program in which qualifying consumers can enroll. However, even though it provides coverage for many health-related issues, Medicare often does not cover the full cost of healthcare for participants. Participants, therefore, need to be aware of what is and is not covered by their particular plan in order to ensure that they purchase necessary Medicare Supplement insurance or enroll in additional coverage plans, if needed.
Medicare coverage has deductibles that increase every year, and many gaps that could leave you with unlimited out-of-pocket expenses. A Medicare Supplement plan can help protect against these expenses.
Medicare Supplemental Health Insurance helps you pay for co-pays, coinsurance, deductibles and excess charges not normally covered by Medicare.
In addition, Medicare Supplemental Health Insurance also provides some Benefits not provided by Medicare. It’s only for original Medicare. It doesn’t provide insurance for other types of health coverage, including:
Medicare Advantage Plan
Stand-alone Prescription Drug Plans
Employer/Union Group Health Coverage
Medicaid
Veterans Administration (VA) Benefits
TRICARE
There are two reasons you need Medicare Supplemental Health Insurance:
1. Cover Gaps in Original Medicare
2. Receive Benefits not Covered by Original Medicare
In short, Medicare Supplemental Health Insurance Plans help you reduce out of pocket expenses not covered by original Medicare.
As the nation’s leading independent agency specializing in Medicare Supplemental Health Insurance Plans, MediGap Advisors can show you how you can save money with the best Medicare Supplemental Health Insurance plans that fit your needs and your situation.
Our professional advisors will take a look at your biggest health care expenses and show you the best Medicare Supplemental Health Insurance plans to protect you from charges that Medicare doesn’t cover. Call 866-681-7712 to speak with a professional advisor.
Written by rtlittle34
Walker Texas Lawyer, a prominent Houston Personal Injury Attorney and Car Accident Lawyer gives his professional legal advice on whether or not Texas drivers need gap insurance on their auto insurance policy. He points out that gap insurance can fill the void for automobile owners if they receive less than the value of their car from insurance companies following an accident. Jim Walker is an experienced Houston accident attorney who handles personal injury lawsuits involving car accidents, motorcycle accidents, boating accidents, PWC accidents and ATV accidents. He is experienced in personal injury law and gets results for his clients. Jim Walker is rated one of the top personal injury lawyers in Houston by Inside Houston Magazine and his Houston law firm, Walker and Crawford PC, has been voted Houston law firm of the year for three years. For more information or if you have a legal question regarding car insurance contact Walker Texas Lawyer at 800-732-2934 or at www.walkertexaslawyer.com.
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GAP insurance
Question by island.adventure: Gap Insurance?
Where can I purchase gap insurance? The dealer is asking too much and my insurance company doesn’t offer it.
Best answer:
Answer by geoffdeaton
call around to some other insurance agencies. or try progressive.com
Add your own answer in the comments!
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AFFLAC!
Unless you live in England and ride the Tube you do not need Gap Insurance.
How is it too expensive?? It should on’t be between 300-500 dollars…anything other than that, you are getting hosed…
gecko, gieco, you know, the little lizard.
gap on a new car has got to be the most important thing the dealer is offering you just tell them you want it for $ 400.00 or you wont buy the car at all
when you buy a car, gap insurance protects you if your car were to be totaled in an accident . lets say you owe $ 6000 on your loan but the car is valued at $ 4500, then the gap insurance will pay the $ 1500 difference. not you the dealer that sold you the car should have offered it to you at the time you bought the car. most states are different but a min. of $ 300.00 on a $ 10,000.00 loan should be close. or 2% to 3% of the loan valve.