Are There Any Reasons I Can Be Refused A Medigap Plan?

Since Medigap is only a supplemental insurance policy written by private qualified insurance companies, it is supplemental or a possible adjunct to another major insurance policy. That other major insurance policy is Medicare. You can be refused a Medigap Plan if you have not complied with their terms of Medicare Part A and B.

Is a Medigap Plan Directed By Medicare?

The answer to that question is no. Medicare is a government insurance policy run by The Social Security System. Medigap is a private insurance sponsored plan that wants to sell insurance policies to Social Security recepients who are already covered by Medicare. However, that does not mean that private insurance companies that offer Medicare supplemental plans can sell you a Medigap Plan policy on any kind of plan if you are not already on Medicare Part A and Part B.

Why Would Someone Need A Medigap Plan If They Already Have Medicare?

Some Social Security recipients already on Medicare are fearful of the deductible that must be met if they are hospitalized. That is the reason that private insurance companies that are qualified providers of adjunct supplemental insurance policies for Medicare offera Medigap Plan. The premiums charged are actually for a private insurance policy that will cover the deductible until it is reached and Medicare begins to take over. The premiums that you pay for a Medigap Plan supplemental insurance policy are for a private insurance to pay your hospital costs until you have met the deductible or out of pocket expenses that Medicare requires before it will pay. Medigap is simply private interprise on the part of private health insurance companies trying to get more customers by assisting Medicare recepients.

5 Responses to “Are There Any Reasons I Can Be Refused A Medigap Plan?”

  1. One thing I would like to say is insurance cancellations is a hated experience and if you’re doing the appropriate things as a driver you simply won’t get one. Some individuals do get the notice that they have been officially dropped by their insurance company they then have to fight to get additional insurance following a cancellation. Affordable auto insurance rates are generally hard to get after the cancellation. Knowing the main reasons with regard to auto insurance cancellations can help car owners prevent getting rid of in one of the most critical privileges offered. Thanks for the suggestions shared through your blog.

  2. seo says:

    I enjoy what you guys tend to be up too. Such clever work and reporting! Keep up the excellent works guys I’ve incorporated you guys to my blogroll.

  3. For hottest news you have to go to see world wide web and on internet I found
    this web page as a most excellent web page for latest updates.

  4. What’s up to every body, it’s my first pay a quick visit of this
    website; this webpage includes remarkable and actually fine material in favor of readers.

  5. Good day very cool website!! Guy .. Excellent .. Superb ..
    I will bookmark your website and take the feeds also?
    I am satisfied to seek out a lot of useful information here within the publish, we’d like develop extra strategies
    in this regard, thank you for sharing. . . . . .