Medigap Insurance Policies

If your employer does not offer group insurance, or if the insurance offered is very limited, you can avail an Medigap insurance policies. You can get fee-for-service, HMO, or PPO protection. But you should compare your options and shop carefully because coverage and costs vary from company to company. Medigap insurance policies typically do not offer benefits as broad as those in group plans.

If you get a noncancelable policy, then you will receive Medigap insurance policies under that policy as long as you keep paying the monthly premium. The insurance company can raise the cost, but cannot cancel your coverage. Many companies now offer a conditionally renewable policy. This means that the insurance company can cancel all policies like yours, not just yours. This protects you from being singled out. But it doesn't protect you from losing your Medigap insurance policies. Before you avail Medigap insurance policies, make sure you know what it will pay for…and what it won't. To find out about Medigap insurance policies, you can speak to us directly or send an email from our about page.

Tips When Shopping For Medigap insurance policies:

• It is a Federal law that you have a " 10 day free look". This means that you get at least 10 days to look over your policy after you receive it. If you decide it is not for you, you can return it and have your premium refunded.

• Check to see that the policy states: the date that the policy will begin paying (some have a waiting period before coverage begins), and what is covered or excluded from coverage.

• Make sure the policy protects you from large medical costs.

• Read and understand the policy. Make sure it provides the kind of coverage that's right for you. You don't want unpleasant surprises when you're sick or in the hospital.

• Beware of single disease insurance policies. There are some polices that offer protection for only one disease, such as cancer.

• Shop carefully. Policies differ widely in coverage and cost. Compare different insurance companies via an independent broker. Be sure to ask your agent to show you policies from several insurers so you can compare them.

Choosing an Medigap insurance policies is not unlike making any other major purchase: You pick the individual health plan that meets your needs and your budget. For most people, this means deciding which plan is worth the cost. As an example, plans that allow you the most choices in doctors and hospitals also tend to cost more than plans that limit choices. Plans that help to manage the care you receive usually cost you less, but you give up some freedom of choice.

There are many different types of Medigap insurance policies. Each one has pros and cons. There is no single "best" plan. The health plan that's right for a single person may not be best for a family with small children. And a plan that works for one family may not be right for another.

Ideally, you should deal with an independent insurance broker. An independent broker will assist in finding you coverage from several different insurance carriers. The more choices the better it works out for you.