Health care expenses can add up and be a burden, particularly if you’re on a fixed retirement income. Health care and out-of-pocket costs for Medicare participants are also on the rise, making the need for supplemental insurance even greater.
Private insurance companies offer supplemental insurance policies that work with Medicare Parts A and B, the federal health insurance program for people age 65 and older (in some states, policies are available to disabled individuals under the age of 65).
Medicare Part A (hospital insurance) helps pay for:
Medicare Part B (medical insurance) helps pay for:
With Medicare Parts A and B, you’re required to pay deductibles and coinsurance for Medicare-provided services. Medicare Supplement plans are designed to help pay for costs like deductibles, copayments and coinsurance that you would typically pay out of your own pocket. The costs and benefits will depend on which Medicare Supplement plan you select.
Here are a few more reasons to enroll in a Medicare Supplement plan:
Contact Mandy and we'll help you consider the variables, lay out the options and make the process comfortable and efficient.