It is nice to have Medigap insurance to pick up the part of your medical tab that Medicare doesn't cover, but if you've looked into the supplemental coverage at all, you know that there are a number of plans to choose from. The good news is that making a choice isn't as overwhelming as it might seem on the surface. For instance, Medicare supplemental insurance is one case where government intervention is a blessing. Because the government regulates all the details of Medigap insurance, all insurers offer the same plans. That means the only homework you really need to do is finding out the facts about this useful supplemental option.
The standardized plans for Medigap are labeled with letters, A through D and F, G, K, L, M, and N. "A" is the basic plan and each one after it adds a benefit or two which, of course, increases the cost of the plan. The exceptions, according to the Huffington Post, are plans M and N, which are cost-sharing plans that carry less expensive premiums. Medicare.com offers the easiest way to compare plans with a side-by-side chart that shows which benefits each plan pays for.
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It may seem like a good idea to have extensive, comprehensive coverage but, if you're healthy, it might not be necessary. CNN Money points out that spouses aren't covered together under Medigap policies, but that can be a good thing if one spouse has more medical issues than the other. Each can get their own policy that will only cover what they need instead of paying premiums on unnecessary