HealthInsurance
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What is the Best Medicare Supplement Plan?
Understanding Medicare Supplement Plans Medicare Supplement plans, also known as Medigap, are insurance policies sold by private companies to help pay for some of the costs not covered by Original Medicare, such as deductibles, copayments, and coinsurance. These plans can only be purchased if you already have Medicare Parts A and B. There are ten standardized Medicare Supplement plans available,…
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Understanding Deductibles in Insurance
Definition and Types of Deductibles in Insurance A deductible is the amount of money you pay out of pocket before your insurance coverage kicks in. It is a common feature in many types of insurance policies, including health insurance, auto insurance, and homeowner’s insurance. There are two main types of deductibles: a fixed dollar amount and a percentage of the…
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