Which Medigap plans in 2019 will be a good fit for you?
Have you taken time to look at all of them and determine the plan that suits you best? Every Medicare subscriber should take the opportunity to examine the Medigap plans for 2019 and determine if one of those plans is going to cover them for the medical expenses they are unable to afford for themselves.
The Medigap plans that are available now are likely the same ones Medicare will be presenting in 2017. You can start looking at these plans right now and see for yourself which one is going to provide the coverage you need. What kinds of things should you have covered? You will want to start with the expenses that cost you the most.
The most common high cost items covered by these plans are your nursing care and Part A coinsurance. These take care of most of your care in medical facilities, but they may not cover many of the repeated costs, such as co-payments or deductibles. Those costs are also covered by many of the plans, though in varying amounts.
Some plans will only cover certain deductibles or certain co-payments. Other plans will cover practically everything. How much coverage you need will depend on what your medical needs are and what you can afford to pay. Just because you experience a medical cost from time to time, that does not mean that you need to have it covered by a supplement plan. You may actually lose money from year to year if you try to cover too many medical expenses with an insurance plan like the Medigap plans for 2019.
Instead, look at the cost of the plan and the cost of each item the plan covers. You may find that it is cheaper to pay for some medical costs on your own than to find a plan that covers them. This is especially true of medical costs you would only have to pay occasionally. The Medicare Part B excess charges and Part B deductible are not very common expenses for most people. They are covered by only a couple of the supplement plans, and you may be able to save considerable money by leaving off that coverage and going for a lower-coverage plan.
If you aren’t sure what kind of medical costs you should be prepared for, then you can consult with both your doctor and an insurance agent. They can tell you what kind of medical problems you may be facing and which Medigap plan will help you cover those expenses. Keep in mind that your medical needs are going to change, whether gradually or quickly. You want to make sure you are keeping your coverage current and taking care of the medical expenses that are too costly for you to cover on your one.
The Medigap plans for 2019 can be a great way to cover many medical expenses, but you have to be careful that you choose the right one. With all the available choices, it is easy to pick a plan that isn’t quite right. Just take your time and plan ahead as far as you can. That way you can be sure you are saving money and not rushing into a plan that you won’t be happy with later.