Medigap Policies

Medigap Policies are additional health insurance that you buy from a private company to pay for expenses that Medicare does not pay for. This includes co-payments, deductibles, and health care if you travel outside of the U.S. You pay a monthly premium for these policies.

Should you get a Medigap policy? If you have Medicaid it is probably not necessary. Otherwise, depending on how much medical services you use, it is usually a good idea if you can afford it.

If you have Medicare Part C, a Medicare Advantage Plan, you are not eligible for a Medigap policy.

There are many different kinds of Medigap Policies. The following link can help you choose a policy.

If you are going to buy a Medigap plan, the open enrollment period is six months from the first day of the month of your 65th birthday -- as long as you are also signed up for Medicare Part B, or within six months of signing up for Medicare Part B. During this time, you can buy any Medigap policy at the same price a person in good health pays. If you try to buy a Medigap policy outside this window, there is no guarantee that you'll be able to get coverage. If you do get covered, your rates might be higher.

For more information, see the following link: