Although many think that Medicare will provide sufficient coverage as they accrue medical expenses past the age of 65, the truth is Medicare often leaves gaps of coverage that can cause large out-of-pocket costs. A Medicare Supplement Insurance policy, also known as a Medigap policy, can help pay some of the health care costs that Original Medicare doesn't cover, like copayments, coinsurance, and deductibles. In the event that one needs urgent medical care or an emergency operation, Medicare coverage can still leave you with bills amounting to tens or hundreds of thousands of dollars, representing the need for supplemental coverage. A report produced by the Kaiser Family Foundation predicts that by 2020, the median out-of-pocket spending for seniors with Original Medicare will reach a staggering 26% of all income. It is obvious that supplemental Medicare coverage is necessary to provide a low, predictable cost of medical expenses, but when’s the right time to buy? The answer lies in the fact that not only do we all need supplemental coverage, but we need it before something happens to us. Luckily, the Medigap Open Enrollment period provides the perfect time for those turning 65 to obtain coverage. The open enrollment period lasts 6 months and begins at the time the enrollee is 65 and covered by Medicare Part B. During this generous 6 month period, insurance companies providing Medicare Supplement policies cannot deny selling you the supplemental plans they offer. Also, they cannot charge more due to any health problems the applicant may have. It is important to keep in mind that although you cannot receive coverage until the age of 65, it is never too early to begin conducting research on the benefits of supplemental coverage. Please visit ManhattanLife's Medicare Supplement for plan information.