tag:blogger.com,1999:blog-8512362.post2868333925731632796..comments2024-03-10T13:59:19.230-04:00Comments on xpostfactoid: A Medigap for the Marketplace?Andrew Sprunghttp://www.blogger.com/profile/17601269968798865106noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-8512362.post-11033815049887106802017-11-23T09:21:59.938-05:002017-11-23T09:21:59.938-05:00Thanks for that warning, Bob. The named perils cov...Thanks for that warning, Bob. The named perils covered could make sense in particular for older buyers, but the coverage is far from comprehensive.Andrew Sprunghttps://www.blogger.com/profile/17601269968798865106noreply@blogger.comtag:blogger.com,1999:blog-8512362.post-77738261953635965512017-11-23T09:10:35.610-05:002017-11-23T09:10:35.610-05:00The term "gap" is quite misleading. When...The term "gap" is quite misleading. When people hear the term 'gap,' they picture a scenario where the bill for your heart scan or biopsy is $4,000 but your deductible is $5,000 so your 'gap insurance' comes to the rescue.<br /><br />Not so with National General (and other carriers in this market).<br />These plans pay cash benefits only for accidents and for an actual diagnosis of cancer, stroke, heart attack, Alzheimer's, and a few other life threatening ailments.<br /><br />The vast majority of a bronze owner's out of pocket health care bills will not be covered by National General. Broken legs are horrible, but not that common.bob.hertzhttps://www.blogger.com/profile/09686373408419885558noreply@blogger.comtag:blogger.com,1999:blog-8512362.post-84441759778532199192017-11-23T06:27:27.284-05:002017-11-23T06:27:27.284-05:00The concern with the gap policies, of course, is p...The concern with the gap policies, of course, is post-claim underwriting - but as it simply covers out of pocket expenses, the potential denial of benefit would not be catastrophic. It is the promise of coverage that makes ACA so valuable to any healthy person who is concerned about bankruptcy with an unexpected health catastrophe. <br /><br />Interesting blog - I had not heard about "gap insurance". pugcentrichttps://www.blogger.com/profile/02714931720027624802noreply@blogger.com