How to Use a Secondary Health Insurance as a Medigap Insurance
Medicare insurance was created to give seniors an opportunity to receive quality health care without financial ruin. It soon became obvious that the program had shortfalls in the coverage that it provided.
Congress then authorized private insurance companies to step in and offer seniors Medicare supplement policies, known informally as Medigap. Not all Medigap policies are the same, and knowing what is available and how to arrange the best care in advance of using the policy can save many dollars.
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Instructions
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Discuss with your medical provider the treatment that is recommended. Ask about specific tests, medical actions, length of stays and prescriptions. Find out if the hospital considers the treatment in-patient or out-patient. The more information you have, the better you can plan your insurance.
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Determine how much, and for which specific medical costs, your Medicare Part A and B will cover. Discern where the potential shortfall, if any, will happen.
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Examine your Medigap Plan (Plan "A" through Plan "N") to find out if and how they make up for any shortcomings in the Medicare coverage. If necessary, call the insurance company and ask for clarification on terms and procedures.
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Ask the medical provider to take a look at the potential areas where coverage may be lacking to see if an alternative way of providing treatment may lead to better coverage and fewer out-of-pocket expenses.
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Tips & Warnings
Many Medigap policies require prior approval for certain procedures. Be sure the medical care provider has sought and received approval.
There is a wide variety of coverage in different Medigap plans. Ensure you have the one best for you. Consult with a trusted advisor if needed to help you come to a decision.
Remember that insurance agents earn money when you buy policies from them. Their advice may be slanted toward that goal.
References
Resources
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