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| With Age Comes Goodies to Take Daily |
I've been dealing
with a medical situation the past month and I'm grateful for having excellent
health insurance picking up the tab. I also live in a popular retirement
destination where value is king. Many of my neighbors are thinking of Medicare Supplemental Insurance while they
sit by the pool soaking in Florida sunshine and enjoying their pretty cocktails
topped with colorful umbrellas. All
while I’m sitting in an office typing away. *sigh*
Honestly, I'm not
up to speed on Medicare supplements but I've been doing a little
research in exchange for having my travel habit supported. A few years ago just
before my grandmother became ill Medicare changed a tad bit. When she fell ill
it was extremely important she had a Medigap plan.
Okay, the term "Medigap" reminds me of being in Britain on the Tube when the voice says, "mind the gap". Never mind...
Medigap is private supplemental health insurance covering the “gap” in
expenses between Medicare reimbursement and the full amount charged. i.e.: difference in medications or tests.) According
to an Aug. 2008 report by the Kaiser Family Foundation called, “ExaminingSources of Coverage Among Medicare Beneficiaries: Supplemental Insurance,Medicare Advantage, and Prescription Drug Coverage,” as of 2006, 18 percent of
Medicare beneficiaries had a Medigap policy.
Um, okay. I realize that's about five years ago but that
doesn't seem like a whole heck of a lot of people and this Medigap stuff
already sounds confusing. Luckily, there are some resources on the web to help
you find the best plan, such as what Kaiser Permanente offers.
It's best to compare Medigap plans and find the best one for your
needs.
Remember, I work
in the tourism industry and am not an expert on medical insurance or Medicare supplements. I'm just like you,
sharing what I learn and researching before I make an educated purchase. And
I'm sure hoping this Medicare thing is figured out when it’s time for me to
sign up.
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