If you are a Medicare recipient, you must be conscious of the fact that the Original
Medicare does not cover up all the costs needed to be paid for your medical charges.
Nevertheless, the fact is that there are certain things that should always be kept
in mind in this respect. The first and the primary thing to consider while you are
dealing with the Original Medicare plans is to get hold of the Insurance supplement
Insurance supplement to Medicare Plans or the Medigap plans. The Insurance supplement
to Medicare plans are actually supplementary insurance plans to the original Medicare.
In fact the point is that the Medicare Supplement Plans helps a lot to cover up the
gap left behind by the original Medicare plans and the actual medical bills payable.
If you want to enroll for the Insurance supplement to Medicare Plans, you must have
the Original Medicare Part A and B. Other than that it should also be kept in mind
that if you switch over to any other plan other than the original Medicare, say for
example to the Medicare Advantage plans, you can no longer use the benefits of the
Insurance supplement to Medicare Plans unless you switch back to the original Medicare.
One of the most essential factors about the Insurance supplement to Medicare Plans
is that these plans are exclusively under the management of the private health insurance
companies only. Now the fact is that although these plans are sold and administered
by the private health insurance companies only yet still no single health insurance
company can bring in any changes in the standard Insurance supplement to Medicare
Insurance supplement to Medicare Plans were originally standardized in 1992 and since
then there had been no changes in the standard set of twelve Medicare Supplement
Plans. But recently since June 2010, some major changes have been brought in this
standard set. According to these changes four of the existing plans have been dropped
and in their place two new plan M and N have been introduced. These two plans have
brought along with them quite a high-quality deal of benefits as well. With the use
of cost sharing and deductibles these two plans have already proven themselves to
be quite proficient in providing a wide range of benefits to the Medicare beneficiaries.
Making the proper choice of the Insurance supplement to Medicare Plans is also a
very critical factor. In this case, it is always a better idea to get appropriate
information of these plans before getting enrolled to them. An insurance agent is
undoubtedly one of the most favorable options. But on the other hand it is always
a better idea if you can go through the offer documents of all the Insurance supplement
to Medicare Plans before choosing any one of them.