Some folks think that Medicare is all they need until they end up in the hospital. If they haven’t done their homework, it may come as a shock to learn that they have to pay for $1,156 worth of charges before their coverage is any good. And, they might have to spend that much again in the very same year.
Medicare’s Part A deductible on hospitalization is not an annual deductible. It can reset 60 days after you leave the hospital. Reimbursing you for that deductible is just one of the Medigap insurance plan advantages.
These plans can also help with hospital charges after the 60 days of full coverage when Medicare’s benefits have expired. Medicare only picks up part of the daily hospital charge then, but Medigap plans can handle the rest so you won’t pay the hospital anything.
Medigap plans can pick up as much or as little of Medicare’s out-of-pocket costs as you need. Out-of-pocket is just a fancy way of saying that Medicare won’t pay for all medical expenses. If you’re likely to have hospital bills, check out the advantages of Medigap plans. You can sign up for a free live Question and Answer teleseminar to learn more about the benefits of having a supplemental Medigap insurance policy.'

Jim McFadden has over 11 years of executive-level experience in the health insurance industry, is a youth baseball, softball and football coach, and has one of the worst fantasy football records in the world.