Illinois Estate Planning & Elder Law Blog

The components of Medicare are:

1) Part A, mainly hospital coverage;
2) Part B, outpatient coverage; and
3) Part D, drug coverage.

Medigap coverage pays the uncovered portions of most Medicare bills.

There is also Medicare Advantage coverage which provides most of the coverages in items 1), 2), 3) and Medigap coverage combined in one package. When creating your estate plan, medical bills and their coverage by insurance needs to be addressed.

Medigap coverage is important because Medicare is not enough coverage for people with average to above-average medical costs.