You don't have to search hard for surveys illustrating the rising cost of retirement, especially medical costs later in life. Those rising costs — and the fear of being left bankrupt by medical bills — are why more retirees are selecting supplemental insurance for what Medicare doesn’t cover.
Medicare Supplemental Insurance, also known as Medigap, is increasingly popular among seniors. Medigap, like Medicare, is available to Americans aged 65 and older. While national mandates for coverage are the same, premiums can vary from state the state.
Bottom line: Do your homework and shop around.
What about you and your family? Are you considering supplemental insurance to augment Medicare coverage?