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3 Things Most Medigap Policies Won't Cover

So, you've decided to shop around for Medigap policies, huh?  Congratulations!  Having a Medigap policy is the best way to make sure you don't get left holding the bag when your Medicare benefits run out.

And make no mistake -- it doesn't take long for you to reach the limit on traditional Medicare coverage.  Plus, traditional Medicare benefits come with a ton of exclusions.  As you can probably imagine, it doesn't take much to wind up in a sea of financial turmoil if you rely solely on traditional Medicare coverage and don't opt for any kind of Medigap policy!

But as important as shopping for a Medicare supplemental policy is, it's not the only thing you need to be on the lookout for.  That's because most Medigap policies don't include these 3 things:

  1. Dental insurance

    If you want help paying for your next root canal, routine cleaning, or x-rays, you'll have to buy an individual dental plan.  That's because most Medigap policies don't cover any type of dental care. 

    The only way that you can get any type of dental coverage without buying an individual dental plan is to get a Medicare Advantage plan.  However, these plans are completely different from Medigap coverage.  Making things trickier -- you can't have a Medicare Advantage plan AND Medigap coverage.  You have to choose one or the other.

  2. Vision insurance

    If you have long-term vision needs -- like glasses that need to be replaced or contacts that you're constantly ordering -- you'll have to get an individual vision policy.  Typically, Medigap policies will only pay for cataract surgery (and even that's not guaranteed under every type of Medigap coverage).  So, if you want help paying for your eye doctor visits and equipment, you'll need separate individual vision insurance.

    Like the dental coverage, you can get vision benefits through a Medicare Advantage plan.  However, that's completely separate from Medigap coverage.  If you've decided to go with a Medigap policy, you'll be on your own for vision coverage.

  3. Life insurance

    Just like any other traditional health insurance policy, Medigap policies do not come with any type of life insurance.  If you want to have insurance on hand for your heirs, you'll need a separate senior life insurance policy.

  4. Luckily, senior life insurance is specially-designed to be affordable for people on fixed incomes.  As an added benefit, many policies come with promises that your rates will never go up, and your coverage will never go down.

You can find all of the insurance you need at www.mwginsurancemall.com!



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