Medicare Supplement (Medigap) in Colorado Springs, CO
Understanding health care insurance can be overwhelming, particularly for individuals nearing retirement age or already enrolled in Medicare. While original Medicare can offer crucial coverage, it frequently leaves beneficiaries with out-of-pocket expenses. To address these gaps, many individuals choose Medicare supplement insurance, commonly known as Medigap.
What Is Medigap Insurance? 
Medigap is extra insurance that you can purchase from a private health insurance company. It can help cover some health care costs that Medicare doesn’t fully pay for, including copayments, coinsurance and deductibles. However, it is essential to note that Medigap generally doesn’t cover long-term care, vision or dental care, hearing aids, eyeglasses or private-duty nursing. These policies are typically sold by private insurance companies and are regulated by federal and state laws to help ensure standardized benefits and consumer protections.
Who Is Eligible for Medigap Insurance?
To be eligible for coverage, you must have both Medicare Part A (hospital insurance) and Part B (medical insurance). Additionally, you must typically be at least 65 years old or have other qualifying conditions. It’s also important to note that if you’re married, you and your spouse must purchase separate policies, as your policy won’t cover your spouse’s health care costs.
What Do Medigap Plans Cover?
These policies can help cover the following:
- Deductibles—Medigap can pay for the Part A and Part B deductibles.
- Coinsurance and copayments—It can cover the coinsurance and copayment amounts you would otherwise have to pay for hospital stays, doctor visits and other medical services.
- Excess charges—Some Medigap plans cover excess charges when a doctor or provider charges more than the Medicare-approved amount.
- Foreign travel emergency—Certain Medigap plans offer coverage for emergency medical care during foreign travel.
Where to Get Medigap Insurance
Contact Medicareline Insurance today to discuss Medigap insurance further. We can make policy recommendations based on your individual circumstances.