What is medigap insurance and who's eligible?

A medigap insurance policy covers many medical costs that Medicare insurance may not pay for. If somone is nearing or already at age 65, she probably knows that Medicare ends up paying for only about half of all medical costs. Part of this slack is taken up by Medicare Part D prescription drug plans, which pay some of the high cost of medicines. And some people fill coverage gaps by leaving traditional Medicare and joining a Medicare Part C Medicare Advantage managed care plan. The person you're caring for may be part of the majority, though, that stays in traditional Medicare Part A and Part B. If so, you may want to investigate her eligibility to buy a medigap supplemental insurance policy, with a dozen types of plans to choose from.  more