Is Medigap Insurance Worth It? 
If you would like to have peace of mind knowing that the remaining 20 % of Medicare approved charges will be covered by insurance -LRB- instead of your bank account -RRB- , then Medigap insurance is absolutely worth it . Medicare Beneficiaries with Original Medicare Part A and Part B leave themselves vulnerable to the ` gaps ' that Medicare does not cover -LRB- co-insurance , co-pays and deductibles -RRB- . This can add up quickly . For example , a $ 5,000 procedure would leave you with a bill for $ 1,000 -LRB- 20 % co-insurance -RRB- . A $ 20,000 procedure would bill you for $ 4,000 -LRB- 20 % co-insurance -RRB- . You see where this is going ... $ 50,000 operation means you 're stuck with a $ 10,000 hospital bill . Not to mention -- if you have a chronic illness , twenty-percent co-insurance can put a huge burden on your budget . I have spoken to Medicare Beneficiaries who are paying the 20 % co-insurance . Some do n't mind because they have n't had any health issues , but others do have health issues and did n't realize they could n't get a Medigap Plan once they were sick . Meaning , you are not always guaranteed a Medigap Plan whenever you want to buy one . If you are not in your initial Open Enrollment Period or another Guaranteed Issue Situation , you 'll have to qualify medically . If I can assist you with your personal situation , please feel free to contact me . 