How to Select a Medigap Plan

If you are thinking of buying a Medigap policy, be sure to fully consider the importance and the implications of the decision. You need to carefully decide if you need the Medigap policy to supplement your Medicare coverage, and if so which Medigap program would be best for you.

As when shopping for anything, you will want to do some comparison shopping to see which policy is suitable for you. There are many different factors to take into account when shopping for the policy and there will be a lot of data to parse through. Different insurance companies may charge different amounts for the exact same policy, and there are many that do not offer any policies. Here is a guide to walk you through the process of purchasing a Medigap Policy.

STEP 1: Determine what benefit set aligns best with your needs, and determine which of the Medigap Plans A through N are closest to this.

STEP 2: Find out which insurance companies offer Medigap in your area.

STEP 3: Contact the insurance companies to find out more about the policies.

STEP 4: Decide on a policy, and purchase the best Medigap policy for you.