California Health Insurance News 
Articles / Seniors ask questions about Medicare Supplement Insurance
09/09/2005
Seniors are looking forward to Nov 15th when they can start enrolling in Medicare Part D.
The plan will go into effect on Jan 1st 2006. The relief focuses mainly on prescription drugs but even that needs to be understood because if not enrolled by May 15th 2006, late enrollees will be penalized with a lifetime of increased drug premiums.
Seniors don't like ifs and buts. They want predictability in their lives and relying on law- makers to give them that security is a false hope. California seniors need to know the disadvantages of relying solely on Medicare for their health care needs.
Before Medicare will pay for any of the medical services seniors want or need, they must first pay Medicare's deductibles. When combined with the co-insurance they are also required to pay, they may be out hundreds, even thousands of dollars, before Medicare pays any benefits!
The answer is to fully understandMedigap Insurance also known as Medicare supplement insurance. The main feature that a Medigap policy provides is reimbursement
for the out-of-pocket costs that are not covered by Medicare.
As age and time take their toll on our bodies, Health Insurance becomes more and more important or the savings that we may have put aside to enjoy our retirement, can be swept away with one serious medical problem, as Medicare does not cover it all.
"I spend a large proportion of my time talking to Californian seniors about Medigap Insurance," said David Thau, CEO and founder of 'Keep it Simple Insurance'. "It is vitally important that seniors understand the risks they are taking by relying on Medicare alone and they need the peace of mind that Medicare Supplement Insurance or Medigap can bring."
