Medicare Supplement Insurance ( aka Medicare Medigap) is for those age 65 and over. The main purpose of a Medicare Supplement Policy is to fill in the gaps of coverage not automatically provided by the Federal Government's Medicare Program. There are a number of options offered by different plans. Careful consideration should be taken when buying a Medicare Supplement policy.

Each state must offer at least the Medicare Supplement Plan A. However in participating states, Plans B through J may be available for those who are going to purchase a Medigap policy. Plan A is the basic plan and Plan J is the most comprehensive Medicare Supplement Plan. Also you are guaranteed to be approved for a Medicare Supplement policy if you apply within six months after becoming eligible for Medicare Part B.

Remember it is important to seek coverage during your guaranteed period; otherwise, you may subject yourself to full underwriting by the insurance company.

Disclaimer: Always consult a financial profession to determine what coverage is right for you.

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