Medicare Supplement Plans
Medicare Supplement plans are supplemental insurance policies that cover costs left unpaid by Medicare Part A and Part B. This means that healthcare providers bill Medicare first and charge the remaining amount to the Medicare Supplement carrier. If a provider accepts Medicare, they will always accept your Medicare Supplement plan.
Supplemental Insurance Plans for Seniors on Medicare
Medicare Supplement plans are standardized by the federal government, meaning the benefits for each plan are consistent across supplemental insurance companies. Before you begin to compare supplemental plans, it is helpful to familiarize yourself with the pricing methods used by carriers. The method used can affect your rates and how they increase over time. It is important to note that if you have a Medigap policy and your spouse needs coverage as well, they must buy a separate policy.