Expensive medical care becomes a necessity as one ages. Senior citizens often need expensive surgeries, therapy or medications among other things. Their health insurance policies usually do not cover all these medical expenses. A basic Medicare policy only covers up to 80% of one’s medical needs, which is often not enough especially for senior citizens who do not have a paycheck anymore.
A costly surgery might be necessary, in which case senior citizens have to 20% of the cost out of their own pocket since Medicare only covers 80%. A lot of people simply cannot afford these medical expenses and do not get the care they need. Some end up in debt because they borrow money to cover medical expenses. There is an alternative to having to pay the 20% that are not covered by Medicare.
This alternative is the Medigap, or Medicare supplemental insurance coverage. Most insurance providers offer this kind of policies. This coverage is meant to be an add on to basic Medicare coverage. If you are over 65 and Medicare is not covering all your medical needs, it is in your best interest to purchase this additional coverage.
There are different Medigap plans to choose from. You can find one that corresponds to your needs and to your medical expenses. These policies are highly adaptable because everyone has different medical needs. You can upgrade your Medigap policy in the future if you need to. It is important to purchase this additional coverage if you are going to need a surgery or another expensive treatment.
You should call different insurance companies that offer supplement insurance coverage for Medicare or go to NYMedigap.com to learn more. Talk to representatives about your different options. You should also do some research online to learn more about Medigap and compare quotes.