With all of the emphasis on the health care reform, there has also been talk about the Medicare federal program. A lot of people do not understand why they may need Medigap health insurance Georgia policies, if they have Medicare.
A Medigap health insurance Georgia policy is a private insurance policy that covers some of the medical services that are not covered by the Original Medicare Plan. For example, it may help pay the deductible or co-insurance portion of physician charges. It is designed to work along with a Medicare plan, not instead of Medicare. Medigap health insurance Georgia policies only work with the Original Medicare Plan, not Advantage Plans, TRICARE, or VA benefits.
Let’s cover some of the basics of Medicare and Medigap health insurance Georgia policies . Medicare is a plan for adults over the age of 65. There is a Part A that covers hospital expenses and a Part B that covers medical expenses. Part C refers to a plan that is similar to health insurance Georgia HMO and PPO plans. Part D covers prescription benefits. If you use Part A and B, then you will still have deductibles, co-insurance, and prescription costs that are not covered. This is where Medigap health insurance Georgia policies come in.
Adults over the age of 65 can choose to purchase Medigap health insurance Georgia policies from private insurance carriers that will help them cover those gaps in their Medicare policy. It is easy to compare prices and benefits because the government has strict regulations on Medigap health insurance Georgia policies, and they are all standardized with the same specific benefits.
Different Medigap Health Insurance Georgia Plans
There are twelve different Medigap health insurance Georgia policies available. They are identified as Plans A through L. All twelve of these Medigap health insurance Georgia plans have to follow both federal, and state, laws, which are in place to protect older adults, and to make it easier for them to choose a plan. They also help prevent older adults from being tricked or swindled.
Even though the Medigap health insurance Georgia plans are standardized among states and have the same specific benefits, they do vary in cost. Each plan differs from each other in significant ways. Any of the large insurance carriers can choose which plan they want to sell. So not all the insurance companies carry all the plans. This is where your comparison shopping can help.
Remember that Medigap health insurance Georgia policies can only help you if you already have Medicare Part A and B. It may be beneficial, even if you have Part D, because it can still help cover some prescription costs. And you are still responsible for paying both premiums–the one for the Medigap health insurance Georgia plan, and the one for Medicare Part B.
Another important thing to know about Medigap health insurance Georgia policies is that it is only an individual policy. Your own Medigap health insurance Georgia plan will only cover you. It will not cover your spouse. The spouse must have his or her own Medigap health insurance Georgia plan in place.
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