posted by Alicia Caramenico
on January 22, 2016
Medigap policyholders represent some of the most vulnerable populations, according to a new AHIP report. Roughly 39 percent of all Medigap policyholders (and 46 percent of policyholders in rural areas) had incomes of $30,000 or less. Medigap also serves an older population. The report found 45 percent of Medigap policyholders were age 75 years or older, compared to only 38 percent for all Medicare beneficiaries.
Seniors and other beneficiaries with Medigap insurance are overwhelmingly happy with this supplemental coverage. A recent survey found 94 percent of Medigap enrollees are satisfied with their coverage and 91 percent would recommend Medigap to a friend or relative.
One of the benefits enrollees like most about their Medigap coverage is the financial protection that comes with having limits on out-of-pocket costs and the ability to budget for unexpected medical costs. The freedom to see the doctor of their choice and relief from dealing with complex medical bills and paperwork also make Medigap beneficiaries very pleased with their policies.
For the more than 11 million seniors and people with disabilities across the nation choosing Medigap coverage, the peace of mind about their financial security and the reliability of their health care benefits are invaluable.