Medigap and traveling

Medigap polices may offer additional coverage for health care supplies or services that you will receive outside of the United States. Standard Medigap Plans C, D, F, G, M, and N will provide foreign travel emergency medical coverage when traveling outside the U.S.A. Plans E, H, I and J are no longer for sale, however; if you purchased a plan before June 1, 2010 you may keep it. All of these plans also provide foreign travel emergency health care services when you travel outside the U.SA. Medigap Coverage Outside the U.S.  Medigap Plans C, D, E F, G, H, I, J, M, and, N...

Losing or dropping Medigap Plans

If someone wants to drop his or her Medigap policy, they must contact their insurance company to cancel. If you are losing Medigap insurance, in most cases, your Medigap insurance company cannot drop you because the Medigap policy is guaranteed renewable policy. This means your insurance company cannot drop you unless one the following occurs: The insurance company becomes bankrupt or insolvent You stop paying your premiums You were not truthful on your Medigap policy application If you purchased your Medigap policy before 1992, if might not be guaranteed renewable, which...

Millions will be facing huge Medicare pr...

About 15 million people are likely to face a significant Medicare premiums. This means three in ten people will be hit with a 25% increase for Medicare Part B and that 70% of people with Medicare will be exempt from paying. Under laws, Medicare premiums cannot be issued for most older adults and those with disabilities if his or her Social Security benefits do not increase. However, those people who are enrolling in Medicare for the first time, or have income-adjustments Medicare premiums, or have Medicaid or Medicare, can face premium increases. And, because the law...

Switching your Medigap polices

There are 4 reasons why someone may need to switch their policies: Their current policy has the right benefits, but they want to find policies that are less expensive They are paying for benefits they do not need. The current policy has the right benefits, but they want to change their insurance company They need more benefits than he or she needed before. Can you switch policies?  Yes, in most cases. Under the right federal law you have the right to switch your Medigap policy. If you are eligible under certain circumstance or guaranteed issue rights. Or are within the...

When to buy a Medigap policy

The best time for someone to buy a Medigap policy is during the 6-month Medigap open enrollment period. Because you can buy any Medigap policy sold in your state of residency, even if you suffer from health issues. The 6-month period will automatically start the month you are 65 and enrolled in Medicare Part B, which is Medical coverage. After the enrollment period, enrollees may not be able to purchase a Medigap policy. If they are able to buy one, it will cost more. During Open Enrollment Medigap insurance companies are generally allowed to use medical underwriting to...