A Medigap plan in Palm Desert is designed to supplement Medicare. They are
also called Medicare Supplement plans. These plans work with
Medicare and fill in the “gaps” in Medicare so that your out of
pocket “exposure” is limited or eliminated completely.
More specifically, here are some of the primary reasons that people
in Palm Desert purchase Medigap, or Medicare Supplement, plans:
To have predictable out of pocket expenses while living in Palm Desert . Medigap
plans allow you to have “known” out of pocket costs. For
example, Plan F covers everything that Medicare A & B do not
cover, so you know in advance that your out of pocket costs will
be $0. Plan G, on the other hand, does not cover the Medicare
Part B deductible, so you know that your out of pocket costs
will be whatever that deductible is in a given year and no more.
To have flexibility in what doctor(s) you can see in Palm Desert. Medigap
plans are non-network plans, so you can go to any doctor or
hospital that takes Medicare nationwide. This is particularly
useful if you travel much, as the plans are national plans. In
contrast, Medicare Advantage plans, which are the alternative to
Medigap, have regional-based networks.
To protect yourself against catastrophic costs. Medigap
plans eliminated the unlimited 20% out of pocket that you are
responsible for if you have “only” Medicare. Medicare pays 80%
and you owe 20% of an infinite amount (there are no out of
pocket “caps” on Medicare currently). This infinite amount is,
to be frank, scary to most people. Medigap protects you against
that ever-escalating amount.
To be a part of a sound financial plan for retirement in Palm Desert. Medigap
plans are one part of a sound, conservative financial plan for
retirement. They allow you to protect yourself against future
medical needs or costs.
Overall, a very large number of people 65 and over from Palm Desert DO
choose to have a Medigap plan. Even people that don’t often do not
because they have some other sort of more advantageous arrangement
(i.e. insurance through a former employer, etc.). Medigap plans
continue to be a very valid and timely choice for those on Medicare
in the City of Palm Desert.
Medicare has neither reviewed nor endorsed this information.
Individuals must have both: Medicare Part A and Part B to enroll.