MEDICARE SUPPLEMENT INSURANCE
Medicare Supplement Insurance (Medigap Insurance) is designed to help cover the deductible and co-payment gaps in Medicare coverage. Federal and State regulations have established minimum standards for insurance companies offering Medigap insurance. The Health Care Financing Administration (HCFA) publishes the "Guide to Health Insurance for People with Medicare." A copy may be obtained at local Social Security offices, or by calling 1-800-772-1213.
LONG TERM CARE INSURANCE
Insurance covering long term care services is sold by a number of private insurance companies in New York State. It is available both on an individual and a group basis. Before purchasing Long Term Care insurance it is very important to determine exactly what services are covered, including skilled and/or custodial care both in a nursing home and at home. Policies should be carefully read and compared.
The New York State Insurance Department has published a book "Long Term Care Insurance in New York State." To obtain a copy, contact:
New York State Insurance Department
Agency Building One
Publications Unit, 5th Floor
Empire State Plaza
Albany, N.Y. 11257