Medicare is designed to help older people and people with disabilities afford medical care. However, there are some things that aren't covered by traditional Medicare plans. Medigap insurance is a type of supplemental health insurance designed to make medical care more affordable for patients with Medicare. Here are some things that a Medigap insurance plan can pay for:
1. Copays
After insurance pays the cost of medical care, people still owe copays, which represent their portion of the responsibility for the bill.
Getting a health insurance plan for the first time can be quite foreboding. Insurance has a lot of jargon that can be near impossible for a beginner to understand. If you're lost and don't even know where to start differentiating between different health plans, here are some great places to start.
Premium
The insurance "premium" will be one of the most important pieces of information to look for. This will tell you the amount that you will need to pay for the insurance, often monthly or yearly.
