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Money and Markets: Investing Insights

Medicare Supplement Insurance: Choosing Your Plan

Weiss Ratings | Thursday, November 17, 2011 at 7:00 am

We all want to age gracefully, and we want health care benefits that will keep us agile for as long as possible. And while Medicare provides basic health benefits as a safety net for seniors age 65 and older, it won’t cover much beyond the basics.

If you want to secure your future health, you’ll want to look at the benefits you can get from a Medicare supplement insurance plan. They’re often referred to as Medigap plans because they’re designed to fill the “gaps” in Medicare coverage.

If you are enrolled in Medicare Parts A and B, you are eligible for a Medigap plan, which will cover many of the costs of medical care beyond those covered by Medicare itself. There are 10 standard plan types ranging from Plan A, the basic benefit plan, through Plan N. Additional benefits can be added through Plan F, while Plans G through N vary in benefits, co-pays, and deductibles.

Click here to read more …

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Weiss Research, Inc., founded in 1971, has a long history of providing research and analysis designed to empower investors with information and tools to make more informed, independent decisions along with an equally long history of public service. [More »]