The core benefits of Medigap insurance programs is that it provides individuals with Medicare the opportunity to purchase an affordable supplemental insurance plan that helps cover any unpaid amounts not covered by Medicare. Some of these unpaid costs would include: non-covered services payments, coinsurance, and annual deductibles. Medigap policies are sold by private insurance companies as standardized Medigap policies and offer different sets of benefits depending on which one is purchased ranging from A to J, and all policies must follow Federal and state laws to protect individuals, no matter the private insurance company selling it. There are 10 different types of Medigap supplemental policies sold. Therefore, it is very important that an individual selects the one that best fits their needs as an individual, if an individual selects the most appropriate policy it helps to maximize the coverage needed by that individual. The process of choosing the right policy is in the hands of the individual because
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This note was uploaded on 04/19/2011 for the course HCR 230 taught by Professor Volk during the Fall '11 term at University of Phoenix.