You’re approaching age 65, you know you will be going onto Medicare, and people start talking to you about “supplements.” And no, they don’t mean vitamins.
Why would anyone need a supplement to Medicare?
Because Medicare only pays 80% of any non-emergency service.
Because there will always be a deductible to pay.
Because hospital and surgical bills can get very large as you age.
Simply put, you need a Medicare supplement because Medicare alone might end up costing you far more than you envisioned spending on health insurance.
Medicare supplement, or “Medigap”, fills in the areas where Medicare falls short. The Medigap plans are articulated by the Federal government, and offered through private insurance companies. They make the prospect of predictable health care in your retirement totally attainable.
The bad news about Medigap – timing is critical, and your decisions can literally affect the health insurance coverage you have going forward. At CCI Advisors we represent the best and most cost-effective plans, and make sure you know all the timelines so you can make the best decision.