Tell people your story of how supplemental insurance has affected you.
Have you felt you had to acquire more supplemental insurance because employer paid insurance benefits are just not what they used to be?
Have you had an accident and actually benefited from supplemental insurance payments during your recovery?
Is supplemental insurance important to you? Why? or Why not?
What is Medigap or Medicare supplement insurance?
People who have Medicare should educate themselves to understand their supplemental insurance options called Medigap (also called “Medicare Supplement Insurance”) policies. The U.S. Government Medicare office defines a Medigap policy as a type of private insurance that helps you pay for some of the costs that Original Medicare doesn’t cover.
The official 2012 government guide from the Centers for Medicare and Medicaid Services,
Choosing a Medigap Policy:
A Guide to Health Insurance for People with Medicare
explains medicare supplement or Medigap insurance:
A brief look at Medicare
This guide helps people with Medicare understand Medigap (also called “Medicare Supplement Insurance”) policies.
A Medigap policy is health insurance sold by private insurance companies to fill gaps in Original Medicare coverage. Medigap policies can help pay your share (coinsurance, copayments, or deductibles) of the costs of Medicare-covered services. Some Medigap policies also cover certain benefits Original Medicare doesn’t cover. Medigap policies don’t cover your share of the costs under other types of health coverage, including Medicare Advantage Plans, stand-alone Medicare Prescription Drug Plans, employer/union group health coverage, Medicaid, Department of Veterans Affairs (VA) benefits, or TRICARE. Insurance companies generally can’t sell you a Medigap policy if you have coverage through Medicaid or a Medicare Advantage Plan.
Click the above image to link to the Official 2012 Medicare Guide to Choosing a Medigap Policy - a guide to health insurance for people with Medicare.
It is a fact of life today that many employers don’t offer the same benefits they used to. The ecomony has hit everyone including employers and many of them just can’t offer the major medical insurance, dental insurance, disability insurance, and every other kind of insurance they used to bundle together in a benefits package they used to provide to their employees. Now, employees have to sort through all the employee paid insurance choices out there and usually only get the bare minimum of information when they are hired. Also, depending on the time of year they are hired, employees feel rushed to make their insurance choices in a hurry and then wait until an open enrollment period before they can make any changes to their insurance.
The shift to employee paid benefits puts more decisions in the hands of us as employees, but many of us don’t feel like we have thourough enough understanding of all our options. The reason this is important to me and probably to you is that we have to take responsibility and arm ourselves with information from as many sources as possible so we can make the best decisions for our families.
These days, there are supplemental insurance policies that cover gaps in major medical insurance coverage. There are supplemental plans that will pay cash directly to you or me if we get in an accident, can’t work due to disability, or even get cancer. These are things we hope will never happen to us, but they do happen to people and supplemental insurance can help us take care of our bills and our families if they happen to us. That is important to me.
Supplemental Insurance – What is supplemental insurance? Why is supplemental insurance important to me? Why would I need supplemental insurance? What types of supplemental insurance are there? My name is Mike and I created this site as a place to work on providing answers to these questions and more about supplemental insurance and why it is important to me.
