Iowa Medicare Supplement Insurance or Medigap policy is the health care insurance policy offered by private insurance companies. Iowa Medicare Supplement Insurance covers the services which Original Medicare does not provide.
The gaps in the Iowa Original Medicare are filled in by Iowa Medicare supplement insurance policies.
Enrollment in Medicare A and B is mandatory to join any Medicare Supplement insurance policy.
You need to pay a monthly premium for Medigap policy along with the monthly premium for Medicare.
Medigap policies are urged to follow Federal and state laws.
Medigap policy is standardized and identified by letters from A to N.
Medicare Supplement insurance policy does not cover Prescription Drugs. You need to buy Medicare Part D for prescription drug coverage.
Medicare supplement insurance is different from Medicare Advantage plans.
All the standardized Medigap policies give same basic benefits and do not change with the company.
You have to decide the type of Plan according to your needs and cost of the Plan.
Medigap policies have changed the plans and benefits with effective on or after June 2010.These benefits are useful and offer options to cover the health care cost which original Medicare does not bear.
Some of the main features are
A Medicare Supplement insurance policy does not cover long term care in nursing home, hearing aids, spectacles and vision.