Buying a Medicare Supplement (Medigap) plan is optional, but, without any supplemental insurance, you would be responsible for 20% of all Medicare covered costs. This includes things like hospital stays, out-patient surgeries and chemotherapy. This would be financially devastating without some form of supplemental or gap insurance coverage.
If a Medicare Supplement (Medigap) plan is out of your budget, please consider a Medicare Advantage plan, which has lower premiums because you agree to use network providers in your local area. With these plans you “pay as you go”, which might not always save you money.
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