Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Learning About Medicare Benefits and other Health Insurance topics.
Medigap insurance is supplemental insurance privately purchased by individuals. These supplemental policies cover costs not paid for by Medicare that you would normally have to pay for out-of-pocket. Before signing up for Medigap, The American Association of Retired Persons (AARP) recommends considering other alternatives you may have available to you such as Medicare savings programs, Medicaid, retiree health insurance, and prescription drug assistance programs. AARP's Web site and its publications include a wealth of resources to help educate on these options as well as available Medigap plans.
Why is it that you recommend AARP when there are so many other insurance companies out there that offer Medigap plans? AARP is nothing more than a huge marketing organization and they charge people to receive their so-called "good" insurance plans. If you have a Medigap plan, then keep it--whether it is from an AARP sponsor or not.