Whether or not we want to admit it, the truth is that illness is big business. When you are in good health it is easy to forget that if an illness suddenly springs up, finances could take a quick turn for the worse. If you have paid into Medicare insurance you may have some sense of security based around that, but there are still gaps in the system. This is where Medicare supplementary plans come in. Also known as Medigap plans, they are meant to help cover costs that do not fall under regular Medicare coverage.
Medicare supplement plans are sold through private insurance companies. While you must have Medicare to buy into a Medigap
One important thing to take note of is that Medicare supplement plans only cover one person. If you need coverage for more than one person then you have to buy into a policy for each person who needs coverage. If you choose to get into a Medigap policy, be sure to compare Medicare supplement insurance plans from company to company.
Here are some questions to ask yourself if you are considering using Medicare supplements: