What is a Medicare Supplement?

Did you know that when you turn 65 you
can get additional health coverage to beef up the benefits you get from
Original Medicare. I’m happy to say you can, and there are three kinds of
coverage. Medicare Advantage plans, Medicare prescription drug plans, and
Medicare supplement plans. They are all available from private health insurance
companies and they each provide different types of coverage and benefits.
Right now I want to talk to you about the last one I mentioned and that
medicare supplement plans sometimes called Medigap plans. Medigap plans are
designed to pay for many of the gaps or holes in Original Medicare coverage that
you are left to pay for out of your pocket.
Depending on the Medigap plan you choose it may also offer additional benefits
that Original Medicare doesn’t include like foreign travel emergencies. Medigap
plans do not include extras like preventive care dental or vision
coverage and they don’t cover prescription drugs, but when you have
Medigap coverage you don’t have to use Network doctors or hospitals you are
free to use any doctor or hospital that accepts medicare. Now it’s important to
know you are not required by Medicare to buy any additional health coverage from
a private insurer but many people do to help pay for some of the health care
costs not covered by Medicare. So that was a quick overview of Medigap also
known as Medicare supplement plans.



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