Top reasons why you should get Medigap

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Medigap is a supplement plan you can get if you have Medicare insurance and if you are 65 years old or older. It is composed of 10 different Medicare supplement plans that help your main plan by offsetting some of the out-of-pocket costs. And unlike Medicare which is administered by the government, Medigap plans are offered by private insurance companies. Here are some of the top reasons why you should enroll yourself for Medigap.

Lower costs of durable medical equipment Depending on your condition, your doctor may prescribe medical equipment such as a walker, a wheelchair, or even a fully functional hospital bed for your home. Medical equipment can get expensive, given that they are not covered by Medicare. Medigap can help ease the burden as it generally covers 20% of the purchase.

Stay insured while traveling If you travel often but have medical conditions to worry about, travel insurance will get expensive. Good thing that several Medigap plans can cover foreign medical expenses. Medigap plans can provide up to 80% foreign travel medical emergency worth of coverage up to plan limits.

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Helps you pay regular doctor visits Some health conditions require regular visits to your doctor. Even with just Medicare, your out-of-pocket expenses can pile up significantly. All standardized Medigap plans pay for at least 50% worth of Medicare-covered doctor visit copayments.

Great basic services Even the most basic Medigap plan can significantly help you in different situations. For example, it can cover the cost of blood for up to 3 pints. Plan A, the most basic plan, also covers hospice care coinsurance and copayment. It also gives coverage for coinsurance and hospital costs to up to an additional 365 days after the Medicare benefits have been used up.

State Mutual Insurance is a Legal Reserve Mutual Insurer established in 1936. With its primary product being Medicare Supplement insurance, the company has made community service its primary mission as a national insurer. For more on the company and its services, visit this page.

Why you should get a supplemental health insurance plan

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There are many benefits to getting a supplemental health insurance plan, the main one being the fact that it’s a plan that goes beyond the basic medical coverage you gain from, say, your Medicare. It can remove financial worries for issues such as deductibles, co-insurance for minimum and extended hospital stays, and co-payments.

In other words, supplemental health plans significantly improve and expand your medical coverage. The insurance company will take care of providing your benefits, depending on the policy and the amount of monthly premium you enrolled in. People who avail of these add-on insurance plans are usually those looking for better long-term protection from such concerns as orthodontic care, hospital indemnity, and diseases like cancer. Others seek supplemental health insurance generally as a viable investment to assure better future health.

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The most common types of supplemental health plans are vision, dental, disability, and critical sickness insurance, extra coverage when traveling abroad, and short- and long-term care. Again, these plans go above and beyond what your normal health insurance covers, premised on a future-ready mindset that will benefit you and your loved ones.

Just keep in mind that not all supplemental health plans are the same, both in terms of coverage and rates. Make sure therefore that you avail of one that isn’t redundant with what you (or your spouse) are already covered for by your main health care insurance. The idea is to get one that offers the most comprehensive security benefits for a good price.

State Mutual Insurance is among the leading legal reserve mutual insurers in the country. The company is committed to giving Americans their right to comprehensive health security. More on the benefits of supplemental health insurance here.