Saturday, September 22, 2012

Do I need Medicare supplemental insurance?

Do I need Medicare supplemental insurance?

When you turn age 65 you are eligible for Medicare Part A & Medicare Part B.  This also means you are eligible for Medicare supplemental insurance or Medigap insurance.  Medicare Part A will cover you for hospital related care, however you would still be responsible for such things as the Part A deductible.  Medicare Part B will cover you for doctor visits and tests.  However, Medicare Part A & B will only cover about 80% of your total medical costs.  Medicare supplement plans are designed to cover what Part A & B do not cover.  Medicare when combined with the right supplemental plan is actually great coverage and often times you will have better coverage than what you had with your employer or family plan.  In fact with the right medigap plan you can actually be covered for all deductibles, coinsurance and co pays.  Seniors find it easier to budget for a monthly medicare supplemental plan premium knowing that they will not need to worry about unexpected medical expenses throughout the year.

There are currently 11 different Medicare supplement plans or medigap plans.  Seniors often find it very confusing trying to figure out which plan is best for them.  This is why it is so important to find a great independent agent that specializes in Medicare supplemental insurance.  A good independent agent will be able to show you all the plans available from the major insurance carriers.  They will also spend the time to analyze what your current health benefit needs are and match those needs with the medicare supplement plan that best fits you.

There really is no reason to worry about your Medicare options.  Find yourself a quality agent that specializes in medicare supplemental insurance, that person will save you lots of time and also money.  It is also important to review your benefits with an expert every year or two to make sure you are getting the best coverage for the money.  Plans and rates change often so having an Medicare supplement specialist to turn to will give you great piece of mind.

Bill Loughead
1-888-40-Summit (888-407-8664)
"We make Medicare seem easy"

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