Compare Medigap Insurance Policies

When you become eligible for Medicare, you also become eligible for a Medicare supplement policy, known in the insurance world as a Medigap policy. This policy is designed to pay for the things Medicare does not, including deductibles, co-payments and excluded items. Multiple companies sell Medigap policies, and as with any insurance product it is vital that you shop around and compare coverage options carefully.

Instructions

• 1

  Gather as much information as you can about your medical care, including the names of any doctors and specialists you see and information on any prescriptions you are taking.

• 2

  Go to the Medicare website or visit your local Medicare office to review the various Medigap coverage options available. Insurance policies are required to offer standardized policies that provide specific benefits. Review the benefits associated with each Medigap plan and decide which one is right for you.

• 3

  Find a list of insurance companies in your area that offer Medigap coverage plans. Each state has its own list of insurance companies authorized to sell Medigap policies, and you can find this information at the Medicare website. You can also get a list of authorized insurance companies by contacting the insurance department for your state.

• 4

  Contact each of the insurance companies authorized to sell Medigap coverage in your area. Tell the representative that you are interested in purchasing a Medigap policy and ask for further information about coverage options and prices.

• 5

  Choose the Medigap plan that best meets your needs and purchase it from the insurance company. Your insurance card should arrive in the mail within a few weeks.