North Carolina Medigap Quotes

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Getting North Carolina Medigap Quotes

In deciding whether or not to purchase a Medigap policy and preparing to get North Carolina Medigap Quotes, it is important to consider the gaps in the traditional Medicare coverage as well as what other coverage options are available to you. Medicare imposes deductibles and requires cost-sharing (coinsurance payments) for certain medical services. It is estimated that Medicare actually covers only about half of a covered person's medical costs. You need to take a close look at the different Medigap plans and what you already have before deciding what you should do.

People on Medicare who are also covered by Medicaid, Medicare Plus Choice Plan, or an employer's health plan for retirees may find that they do not need a Medigap policy. As you gather North Carolina Medigap Quotes and before actual purchasing of a policy, you should study the differences carefully to be sure that you understand what exactly you would be getting. A reputable insurance agent or SHIP can help explain the various details and costs of each.

Basic Medigap Benefits

All ten of the Medigap plans are required to provide core benefits, which is all that the Medigap plan A consists of. These include: $210/day for Part A coinsurance for days 61-90 of a hospital stay; $420/day for Part A coinsurance for days 91-150 of a hospital stay; all approved costs not paid by Medicare after day 150 to a total of 365 days; charges for the first three pints of blood not covered by Medicare; and Part B coinsurance for medical services.

As with any insurance policy, you are entitled to a "free look" period. During this time you should review the policy carefully in order to determine if it is right for you. If you are not satisfied with it, you may cancel the policy within the 30 days and get a full refund. This 30-day period begins the day you receive the certificate or policy. Once you have enrolled and decide to keep your plan, your Medigap insurer must renew your policy for life so long as you pay your premiums. You do have the right to cancel your policy at any time, but use caution here not to do so before you have another one in place. You can replace your current plan with another, but note that the insurer can refuse to approve your application based on your age or your health status.

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