Medicare Supplement Health Insurance (Medigap)

    A Medigap policy is health insurance sold by private insurance companies to fill the "gaps" in Original Medicare Plan
    coverage. Medigap policies help pay some of the health care costs that the Original Medicare Plan doesn't cover. If you
    are in the Original Medicare Plan and have a Medigap policy, then Medicare and your Medigap policy will each pay its share
    of covered health care costs.

    Generally, when you buy a Medigap policy you must have Medicare Part A and Part B. You will have to pay the monthly
    Medicare Part B premium ($93.50 in 2007). In addition, you will have to pay a premium to the Medigap insurance
    company. As long as you pay your premium, your Medigap policy is guaranteed renewable. This means it is automatically
    renewed each year. Your coverage will continue year after year as long as you pay your premium. In some states,
    insurance companies may refuse to renew a Medigap policy bought before 1990.

    Insurance companies can only sell you a "standardized" Medigap policy. Medigap policies must follow Federal and state
    laws. These laws protect you. The front of a Medigap policy must clearly identify it as "Medicare Supplement Insurance."

    It's important to compare Medigap policies, because costs can vary. The standardized Medigap policies that insurance
    companies offer must provide the same benefits. Generally, the only difference between Medigap policies sold by different
    insurance companies might be the cost.

    You and your spouse must buy separate Medigap policies. Your Medigap policy won't cover any health care costs for your
    spouse.

    Some Medigap policies also cover other extra benefits that aren't covered by Medicare.

    You are guaranteed the right to buy a Medigap policy under certain circumstances.
TOUBIN INSURANCE AGENCY, Inc.
7410 Blanco Rd. Suite 385
San Antonio, TX 78216
210.340.2293
210.340.2357 (fax)
info@toubininsurance.com