Medicare Supplement Insurance

You often hear the term Medicare Supplement but don’t know what it is? What is Medicare Advantage? When do you qualify? How much is it? As you know that Medicare Insurance helps 65 years or older and disabled Americans to pay the cost of health care. It is a Federal Health Care program. Americans pay into this program their working years to age of 65 unless they have a disability whereby by they are accepted 2 years after their disability deemed accepted by Social security system.

However, Medicare covers a specific portion of your health care costs. It does not cover all of your health care expenses. Therefore, Medicare Supplement insurance helps you pay for the expenses which are not covered by the Medicare Insurance. It is also called as Medigap.

People misunderstand the Medicare sometimes and say why we need Medicare Supplement Insurance? We already have Medicare. So, now you know that Medicare Insurance is different than the Medicare Supplement Insurance. It is an additional coverage plan to be added to your original Medicare Insurance for the things that Parts A and B don’t cover.

Medicare Supplement Insurance covers the following payments:

✔ Copayments
✔ Coinsurance
✔ Deductibles
✔ Blood – First three pints of blood each year
✔ Other out-of-pocket expenses

Well, the original Medicare coverage consists of two parts i.e. Part A and Part B. The Part A covers the hospital expenses and skilled nursing facility care. While, Part B specifically covers the doctor bills and other medical expenses. Medicare Supplement Insurance covers the out-of-pocket expenses which your original Medicare doesn’t cover.

Well, the original Medicare coverage consists of two parts i.e. Part A and Part B. The Part A covers the hospital expenses and skilled nursing facility care. While, Part B specifically covers the doctor bills and other medical expenses. Medicare Supplement Insurance covers the out-of-pocket expenses which your original Medicare doesn’t cover. Medicare Advantage is provided by an Insurance company that administers your health care. You must select a primary care physician and that physician will direct you to specialists, tests and other needed services all provided within the Insurer’s Network.

You pay as you go for services and you need to stay within your network

Rene Apack, CEO of the Insure Your Future is ready to help. He is a professional disability insurance broker with 18 years of experience will help you understand the coverage and limitations of your current insurance policies held such as Medicare, Medigap Insurance (also known as Medicare Supplemental Insurance), Medicaid, or other similar policies for living assistance help. Give us a call today at +1 (800) 788-8921 or send us an email here.