Medicare supplement Insurance, also known as Medigap Insurance, is designed to help
cover some of the medical costs that are not covered by Medicare. These Medicare
supplement insurance plans are available to a person who is enrolled in Part A and
B of Medicare.
At the age of 65, you become eligible for medical benefits through Medicare. You
may qualify for Medicare coverage at a younger age if you have certain physical disabilities
or if you have End Stage Renal Disease. This program includes two basic parts: Part
A - covers hospital care and skilled nursing or rehabilitation following an injury
or illness. Part B - covers outpatient care, preventive screening, hospice and home
health care. Part D covers the cost of certain prescription medications.
Although, with Medicare, you'll find that many services are not fully covered. If
you need to see a specialist, have a diagnostic exam, undergo a surgery or have a
particular type of therapy, you may end up paying for all or part of these services
out of pocket. Many seniors choose not to have these treatments at all, because the
cost is so high. Medicare supplement insurance can make up for the difference between
the percentage of your care that is covered and the percentage that is not covered.
In order to qualify for this type of coverage, you must have Medicare Part A and
B. Finding affordable Medicare supplement insurance is more convenient when you shop
online. You can look for a policy with competitive premiums that offers the protection
you need to stay fit and full of life.
Medicare supplement insurance can cover copayments, coinsurance costs and deductibles,
saving you an important amount of money on your out of pocket costs for action. You’ll
discover that prices vary from one insurer to another and from one plan to the next.
The broader your benefits, the higher your premium will be.
Looking for supplement insurance coverage for your medical costs is vital in order
to get the complete treatment you need to preserve an active and fulfilling lifestyle.
With the costs of health care on the rise, many seniors have turned to Medicare supplement
insurance to increase their options without compromising their personal finances.
Instead of paying out of pocket for copayments or coinsurance, you can cover co pays
for doctor visits, procedures or therapies with supplement insurance.