What is Medicare Supplemental Insurance?

To get a better idea of what Medicare supplemental insurance is and what it does, one must initially review the meaning of Medicare health insurance."  In general, Medicare health insurance was designed for people 65 years of age or older who need medical insurance coverage. It will also cover anyone under the age of 65, if they have a qualifying disability.  

There are four parts to the Medicare plan. "Part A" is for hospital insurance, while "Part B" handles any other medical insurance. "Part C" is the Medicare Advantage Plan, which is a provider organization plan.  "Part D" would cover any prescription medications needed. Medicare will only cover a patient’s medical treatments, doctor visits, hospitalizations, medical equipment and more, up to 80% of the charges.  This leaves many patients with a substantial amount of personal. This shows why having supplemental insurance can be a benefit.   Medicare supplemental insurance is listed under the guidelines of Medicare and was created to help cover some of the medical costs that would not be covered under the general Medicare health insurance plan. This supplemental insurance consists of twelve labeled, standardized plans.  Each of these plans, labeled Plan A through Plan J must include the same kind of basic coverage for each its recipients. Any extra coverage required in addition to the basics of any plan will have various premium amounts based on the type of additional coverage that was chosen.  

With so many supplemental insurance options available, it’s important to compare and understand what each plan has to offer in order to receive the coverage you desire.