3 big reasons Medicare supplemental insurance makes sense now
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3 big reasons Medicare supplemental insurance makes sense now
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Source article: https://www.cbsnews.com/news/why-medicare-supplemental-insurance-makes-sense-april-2025/
This article discusses three main reasons why Medicare supplemental insurance, also known as Medigap, makes sense for seniors to purchase now, particularly in the current economic climate.
The piece highlights that many older adults' retirement savings are lower, their medical needs are changing and often increasing, and waiting to enroll can lead to higher costs in the future. It explains that Medigap helps cover expenses like co-pays and deductibles not fully paid by traditional Medicare, offering financial protection as medical needs grow with age.
While acknowledging that the timing of enrollment is important and that costs should be weighed against needs, the article strongly suggests that now is a good time for many seniors to consider obtaining this type of insurance.