Summarizing the Medigap program

Summarizing the Medigap program - 1 Summarizing the Medigap...

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Summarizing the Medigap program Medigap is private insurance that qualified members may purchase to help fill in the unpaid gaps of their Medicare coverage, (McGraw-Hill, 2008). Covered gaps under Medigap are: annual deductibles, coinsurances, and any non-covered Medicare services, (McGraw-Hill, 2008). Medigap plans are regulated by federal and state laws, even though they are sold through private insurance carriers, (McGraw-Hill, 2008). Medigap policy holders pay monthly premiums that vary widely based on the plan chosen. There are ten different types of Medigap plans available and are listed A through J, (McGraw-Hill, 2008). All Medigap plans have core benefits that are common, but each differentiates beyond that. Listed here are the core benefits: Part A daily coinsurance for days 61 to 90 of hospitalization Part A daily coinsurance for each of Medicare’s 60 lifetime inpatient hospital days 100 percent of covered hospital charges for 365 additional days after all Medicare
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Summarizing the Medigap program - 1 Summarizing the Medigap...

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