Medigap Coverage Changes: Knowing What to Expect When You Enroll With Medigap


Also known as Medicare supplement insurance, this particular plan currently covers 10.2 million Medicare beneficiaries. Basically, what Medigap does is that it will be able to cover the gaps that the Original or traditional Medicare leaves behind when you get treated. This means that Medigap will be able to cover the things that Medicare did not cover or will not cover.

Medigap is sold by private insurance companies and the plans here are standardized. It has 14 standardized policies that you can choose from which also have different policies.

Because of the Medicare Prescription Drug Improvement and Modernization Act of 2003, Medigap is now also attempting to modernize and will implement a few changes with their coverage as well as their policies.

It has stated that Medigap will have reduced premiums and provide more rational coverage policies in order to create incentives for proper utilization of services.

However, there were also some benefits that were eliminated and benefits added due to the changes made. It included the elimination of at home recovery benefit, created a new hospice benefit, eliminated preventive care benefit, and it also replaced the 80 percent of Part B Excess Charges Benefit to 100 percent.

As you can see, because of the changes, policies were also changes as well as Medigap coverages. So, if you are planning to get Medigap, be sure that you get one of the plans it offers that can provide your needs. By keeping this in mind, you can be sure that you will be able to make more use of your Medigap plans.


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