Medigap
Medigap is a supplemental health insurance that follows the guidelines for Federal and state laws, which are in place to protect the insured. Private insurance companies sell 11 standardized Medigap plans (Plan A, B, C, D, F, F+, G, K, L, M, N), that Medicare eligible recipients can choose from that offer basic as well as detailed additional benefits per plan. Each plan is identical with each insurance company. For example, Plan F Company from 1 has the same benefits as Plan F from Company 2. However, each companies premium varies because the individual underwriting requirements.
Medigap can help reduce out-of-pocket expenses, such as co-insurance, deductibles, and other healthcare costs that Medicare does not cover. In order to be eligible for these Medigap plans, you must be enrolled in Medicare Part A and Part B. Also, plans must be purchased separately if both you and your spouse are in need of supplemental insurance.
Any stress and worries that you may be feeling regarding lost coverage through Illinois Medicare can easily be resolved with a Medigap plan. At ABC Healthcare Plans, our job is to answer all your questions, explain the benefits, research top rated companies, and take away any confusion when it comes to finding the right plan for your needs and budget. Our Medicare Supplement Accredited Advisors can provide you with the education and guidance to finding the best supplemental insurance for your situation. No matter what part of the state you are located: Northern Illinois, Southern Illinois, Metro East St. Louis, etc.