If you are approaching the age of 65 and looking forward to enrolling in Medicare for healthcare coverage, be aware that it does not cover everything. Medicare will leave you with things like co-payments, coinsurance and of deductibles. 

Contact a private insurance company right away and learn about Medicare supplements, also known as Medigap. These affordable supplements kick in coverage that the original Medicare doesn’t. If, in your retirement you are looking forward to traveling abroad, you will definitely want a Medigap policy that will provide coverage when you leave the country. 

Medigap supplements are not the same as a Medicare Advantage Plan. You can only have one or the other. Also, you must have Medicare Part A and Part B to have a Medigap policy. You will pay a private insurance company for the policy as well as the Part B premium you pay to Medicare. Additionally, be aware that there are no Medigap policies sold anymore that cover prescription drugs. That ended in 2006. One more reminder, your spouse will need his or her own Medicap policy as each covers only one person. 

For more information about Medicare supplements, contact Bernardini & Donovan Insurance Services serving the Redlands, Island Empire and California residents.