Is Medigap Mandatory?
What Is Medigap?
Medigap is a type of supplemental insurance that helps to cover the things that Medicare leaves out. It is sold by the private insurance companies as a way to help boost the amount of things that are covered for seniors. The private insurance companies are trying to make a profit off of it, but there are also benefits to this program for seniors as well. They are going to be able to get the peace of mind that they have all of their health care needs covered.
Are You Required To Get Medigap?
It is important to note that you are not required to get Medigap insurance. This is a private type of insurance that is sold by private companies. As such, the government cannot mandate that you buy this kind of insurance. Just because it has a name that is similar to Medicare does not mean that it is a government program. Medigap is just something that is used to cover up the gaps that are left behind by the Medicare program.
Why Would You Get Medigap?
You are going to have to pay a little bit more each month in order to cover Medigap insurance. This is something that you are just going to want to bear. It is certainly worth your money in almost all cases. This is because you are going to find that the peace of mind that it brings you is well worth the money that it costs you each month. You would much rather be paying for this extra coverage each month than be hit by one of the bills that could come down on you if you do not have this cover. Make sure that you get your Medigap coverage today while you can.