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Five Reasons Why You Must Have Medicare Insurance
Author David Schneider | Aug 29,2007
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Medicare insurance, also referred to as Medigap insurance, is important to have even if you have other insurance policies. Medigap is a safety net policy that will help you to bridge the gap between the coverage offered by Medicare and the coverage offered by your other health insurance programs. If you don't have Medicare insurance right now and you are over 65, then you need to learn about the five reasons why you must have Medicare insurance.
Why You Must Have Medicare Insurance - Reason No. One: Medicare Doesn't Cover Everything
If you think that Medicare is going to cover all of your medical expenses once you turn 65 you are in for a terrible shock. There are limits to what Medicare is willing and able to cover. The Medicare program is great, and it helps senior citizens access health care that they otherwise may not be able to afford, but the limitations that Medicare has puts many senior's health in jeopardy, especially if they need to stay in a nursing home for an extended period of time.
Why You Must Have Medicare Insurance - Reason No. Two: Private Health Insurance is Expensive and Hard to Get
Once you retire, chances are your company sponsored health insurance is going to be discontinued. When you try to get health insurance when you are 65 or over is difficult during the best of times, and nearly impossible to do if you have any pre-existing conditions that need ongoing treatments. If you do find a private health insurance carrier, you may find that the cost of the coverage is far more than you can afford, usually exceeding $300 a month for a single person. This is why Medigap insurance is important to have. It can help provide you with the coverage that your old health insurance policy used to cover at an affordable rate.
Why You Must Have Medicare Insurance - Reason No. Three: Medical Treatments Are Expensive
For most people, paying for medical treatment and supplies not covered by Medicare out of their own pocket is out of the question. Medical expenses in the U.S. are the highest in the world and people in this country who do not have insurance usually cannot afford medical treatment. Medigap is a good alternative to trying to pay for the medical treatments that you need out of your own pocket.
Why You Must Have Medicare Insurance - Reason No. Four: Bridging Gaps in Coverage
If you are lucky enough to have an affordable private health insurance policy and you are over 65, then a basic Medigap plan can help fill in the gaps between what your health insurance covers and what Medicare covers. The basic Medigap plans are inexpensive and they can be a great way to cover the medical expenses that occur while you are trying to meet your deductible amount each year.
Why You Must Have Medicare Insurance - Reason No. Five: Health Care Prices Are Going Up
If you think paying for medical care is expensive now, just think what they will be like in five years, 10 years or 15 years down the line when your medical care needs will most likely be greater than they are today. Without enough medical insurance to cover the cost of your medical treatment, you may be refused service or forced to forgo an important treatment that could save your life. This is just one other reason why having Medicare insurance is important. |
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