4. COVERAGE BENEFITS: The specific benefits offered by each Medigap plan type can vary, but all plans cover at least some of the following: Medicare Part A coinsurance and hospital costs. Medicare Part B coinsurance or copayments. Blood transfusions (first three pints). Part A hospice care coinsurance or copayments. Skilled nursing facility care coinsurance. Some plans also cover the Medicare Part A and Part B deductibles, foreign travel emergency care, and excess charges (charges that exceed the Medicare-approved amount). 5. CHOICE AND FLEXIBILITY: You have the flexibility to choose the Medigap plan that best suits your healthcare needs and budget. You can select a comprehensive plan that covers most expenses or a more limited plan with lower premiums if that aligns with your financial situation 6. CLAIMS AND BILLING: When you have Medicare and a Medigap plan, Medicare will first pay its share of your healthcare costs, and then your Medigap policy will cover its share. You don’t need to file separate claims; the Medigap insurance company works with Medicare directly to coordinate payments. 7. GUARANTEED RENEWAL: Once you have a Medigap policy, it’s guaranteed renewable as long as you continue to pay the premiums. The insurance company cannot cancel your coverage, as long as you pay your premiums on time. Medigap is designed to enhance your Medicare coverage by covering costs that Medicare doesn’t fully pay for. It provides peace of mind by reducing your out-of- pocket expenses and offering choice and flexibility in selecting the right plan for your healthcare needs.
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