Basic Medicare insurance is important to everyone; however, it only covers up to 80% of your medical services. Given that aging is accompanied by its own unique medical needs, including certain surgeries and physical therapies, seniors need the extra protection offered by Medicare Supplemental Insurance.
We risk serious gaps in medical care if we rely only on just the basic Medicare insurance as it covers only 80% of your medical needs. When faced with a serious medical condition, that extra 20% is vital. It could even make the difference in whether you get the surgery or treatment you so desperately need. When looking at an expensive surgery, paying 20% out-of-pocket could send your finances spiraling out of control with all the attendant stress that accompanies being deeply in debt. This is why Medicare supplemental insurance is so important. It covers that extra 20%. With it there is no fear of being unable to afford a treatment you desperately need. With it your debt load for such medical treatment is exactly — zero!
For the above reasons, Medicare supplemental insurance is referred to as Medigap insurance; it bridges the gap between what Medicare pays and what you would otherwise owe. Medigap coverage is very affordable and a must have to anyone 65 and older as they face a greater potential for medical emergencies.
There is flexibility between the various Medigap options available. With nine coverage gaps in Medicare there are ten plans that will fill different numbers and combinations of those gaps. Medicare supplement f will will all nine gaps while A fills just four. There should be one that fits your individual medical needs. We all face different medical issues as we age. Some of them are genetic; others are not. It’s important to review the Medigap choices and determine which best fits your circumstances. You may find it beneficial to contact a broker or agent who deals with these issues every day. Discuss the various plans and costs involved and compare these to your particular needs. There are also many Internet sites addressing this subject that are happy to give you a free quote.