Conscientious Financial Planning and Retirement Income Management | 201-741-9528
from Lonier Financial Advisory LLC, Osprey, FL

Getting a Grip on Medigap Insurance for Medicare

Getting a Grip on Medigap Insurance for Medicare

Increasing healthcare expense is clearly a major concern for everyone, but especially for those nearing or in retirement. I’ve posted two useful guides to the Resources section of the LFA site for your reference, the U.S. Dept. of Health and Human Services 2012 guide to Choosing A Medigap Policy and a helpful Health Insurance Buyer’s Guide.

As we age we are more likely to use a wider range routine and more costly healthcare services. Serious illnesses can quickly rack up six-digit medical bills. Many people are surprised to discover that Medicare does not cover all of their healthcare expenses in retirement. The Dept of H &HS Choosing A Medigap Policy guide will help you understand the deductibles and coverage limits of Medicare Parts A, B, and D, and how one of the several different Medigap plans can provide additional protection.

The Health Insurance Buyer’s Guide is from ehealthinsurance.com, an online health insurance agency. While they obviously have an interest in your buying health insurance through their site, the guide is well-written, useful, and is not a sales pitch. If you are shopping for health insurance, you may find it a helpful explanatory guide to the kinds of insurance available and various options available to you—whether you use their site or not.

Comments (1)

  1. […] does not cover everything. There are out-of-pocket deductibles and coverage limits that auxiliary Medigap policies are designed to cover. Retirees also face the possibility of paying more for less Medicare coverage […]

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