Medicare Supplement Insurance
Medicare Supplement Insurance (Medigap) allows Original Medicare beneficiaries to sign up for additional benefits that can be used to pay off the cost that remains after Medicare has paid their portion for health care services. Most people sign up for Medicare Supplement plans because they feel they use their Original Medicare enough to make the investment worthwhile. Though, others may hold on to the policy just in case. You can use Medigap benefits with any provider that is approved by Medicare, so you won’t have to worry about finding ways to use it.
How To Enroll In Medicare Supplement Insurance
If you need Medigap insurance and you are approaching age 65, you will have a 6-month period that starts the first day of the month you’re 65 or older and enrolled in Part B. During this period, you can buy a Medigap policy regardless of your health condition, as there will be little or no underwriting. You could also enroll during an open enrollment period, which occurs annually.