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Aging is a natural process, we all get there sooner or later. The more we live, the more experience and knowledge we acquire. Unfortunately, our body wears out, we start to suffer from pains, aches and various medical conditions that are far from being fun. All these come with higher medical bills to pay, exactly in that part of our life which is the least productive of all. It surely is depressing not to be able to pay for the medical care you need.
Luckily, all people over 65 qualify for Medicare health insurance. This policy covers up to 80% of the medical expenses. This is a big help, but there are situations when the treatment is so expensive that even 20% is a lot of money. The solution for seniors who don’t have enough money is to take a loan to cover this difference. A loan is a burden at any age, but when you are old it’s easy to understand it can be truly overwhelming.
There is another way to cover the remaining 20%: to get an add-on insurance coverage to your Medicare policy. Such supplemental plans are called Medigap and they are designed to cover what your original Medicare plan doesn’t. Being only supplemental plans, they are fairly inexpensive, so most people can easily afford them. Besides, there are multiple coverage options, so you can choose only the health risks that are bigger in your situation, given your medical history and current health status.
You can find Medigap health insurance plans at all major insurance agents, so all you need to do is get in touch with one of them and ask for details. Of course, in order to qualify you need to be over 65 and to have a Medicare health insurance policy already, as Medigap can’t be sold separately, as a stand alone life insurance policy.