How Medicare Supplement Insurance Works

Medicare used to be simple.  Part A – the free part – helped with hospitalization, which is what it does today.    Part B, which handles doctor’s visits and other outpatient issues, still does the same.  There are then other parts of Medicare from Part D on up.  Part D covers prescription drug coverage.

If you have a lot of special expenses including prescriptions, it is a good idea to look into Medicare Advantage policies.  There are various Medicare Advantage plans through numerous private insurance companies.  The good thing is that if you decide to purchase part “F” let’s say, from any insurance company, the coverage is exactly the same.  The problem is that since there are not tight restrictions upon Medicare Advantage you could end up paying a great price for a certain plan with one company and end up paying two, three or four times as much with some of the other companies – for the same exact coverage.

So, in addition to researching and determining what type of policy you need and what coverage you need, you also need to determine what prices will work best for you.  The best place to start finding this information is to access Medicare at www.medicare.gov that will be accurate and provide information, links, phone numbers and more.

No matter what, it is important to determine whether or not you need Medicare Supplements , which ones you need and, how much they will cover and how much they will cost.