What You Need To Know About Medicare Gap Insurance
A lot of people still do not know what Medicare gap insurance is. To define it simply, Medicare gap insurance is designed to blanket medical costs that Medicare does not cover. There are 12 different kinds of standardized Medigap policies, and you can get this insurance from a private insurance company rather than from the federal government. Because it is standardized, the policy will be the same wherever you get it from. The purpose of this standardization is to avoid confusion from the buyers and in a way protect them.
Although the policies are standardized and identical, the cost is not the same from all the insurance carriers. This is where a good shopping sense comes into the picture. Also, it is important to state that you need to have a Medicare part A and a part B before you have the option of an getting additional coverage.
Medicare supplemental or gap insurance only covers one person. If you have a spouse, then your spouse needs to apply Medicare supplemental insurance for himself or herself. Medicare gap insurance has also its own limitations such as it does not cover dental treatment, vision treatment, hearing aids and medical care that are considered long term. Private Nurses are also not covered from this kind of insurance.
A lot of senior citizens do not realize that not all states carry Medicare gap insurance. You can consult an expert on the subject to know if you are eligible for such insurance, and if the state you are in is also carrying such insurance. Different states have different laws when it comes to Medicare supplemental insurance, an example is that some states allow you to apply for gap insurance on a limited window, and if you have already a Medicare part B. Again, it is best to consult with a professional to avoid confusion and headaches, and also speed up the whole process.