October 24, 2009

What is Medi-Gap Insurance?

Medi-Gap Insurance, aka Medicare Supplement Policies cover the costs Medicare doesn't.

Medicare provides beneficial coverage for Seniors health related expenses but, at the same time, leaves gaps that you either pay for out-of-pocket or with private insurance. A
Medicare supplement insurance
policy (also called Medigap) is a health insurance policy sold by a private insurance company to help fill in those gaps.

With Medicare supplement insurance:

• There are no restrictive networks; you control and choose the physicians, specialists, and hospitals that you trust for your care

• You can go directly to the physicians you choose without pre-certifications and pre-approvals
• The benefits offer predictability and stability as the plans are standardized by the government
• You have coverage that helps with deductibles, copayments, and coinsurance
• There are 12 standardized Medicare supplement plans that offer varying amounts of coverage – with Plan (A) providing basic benefits and Plan (J) offering more comprehensive coverage.

Medi-gap - Medicare Supplement plans can be shopped online. This is the easiest way to compare plans, features and prices offered by health insurance companies competing for your business.
QuoteBroker offers free insurance quotes from several different Medicare Supplement carriers in your area.