A Medicare Supplement Insurance (Medigap) policy can help pay some of the health care costs that Original Medicare doesn’t cover, like copayments, coinsurance, and deductibles.
Some Medigap policies also offer coverage for services that Original Medicare doesn’t cover, like medical care when you travel outside the U.S. If you have Original Medicare and you buy a Medigap policy, Medicare will pay its share of the Medicare-approved amount for covered health care costs. Then your Medigap policy pays its share.Learn More
Originally, Medicare covered people age 65 and over. Later, the program expanded to include people with permanent disabilities as well as ESRD, or end-stage renal disease (severe kidney disease). There are a few extra eligibility requirements, however. To receive Medicare, you have to be eligible for Social Security. For someone age 65 or over, this means you have to have worked for a minimum of ten years (non-consecutive) at a job that withheld Social Security from your pay. People under age 65 can sometimes receive Social Security. but they are still not eligible for Medicare until they turn 65. While changes to Social Security will push the age at which benefits begin to 67, Medicare eligibility will still start at 65.Learn More
The amounts of monthly premiums are based on age and how much coverage you may desire. How will they pay for it? Without an affordable cancer benefit policy, one would have to pay for all the expenses with the small amount that medical insurance covers, Medicare, Medicaid, or rely on their own assets and or families.Learn More
Hospital indemnity insurance provides a fixed daily, weekly or monthly benefit while the insured is confined in a hospital. The payment is not dependent on actual hospital charges, and is most commonly expressed as a flat dollar amount. Hospital indemnity benefits are paid in addition to any other benefits that may be available, and are typically used to pay out-of-pocket and non-covered expenses associated with the primary medical plan, and to help with additional expenses (e.g., child care) incurred while in the hospital.Learn More