Is Supplemental Coverage Necessary for Retirees with Original Medicare?
Many retirees find that Original Medicare leaves significant coverage gaps, leading to unpredictable and potentially high out-of-pocket costs. Supplemental coverage, or Medigap, can help fill these gaps, offering financial protection and greater flexibility in choosing healthcare providers. While not mandatory, Medigap is often a worthwhile investment for those seeking stability and comprehensive coverage in retirement, especially for those with higher healthcare needs or frequent travel. The best time to purchase Medigap is during the open enrollment period starting the month they turn 65 and are enrolled in Part B.
