subject: Medicare Supplemental Health Insurance [print this page] Medicare Supplemental Health Insurance
Medicare Supplemental Health Insurance
What is Medicare Supplemental Health Insurance and why you need it.
Also called Medigap Insurance it is sold by Private Insurance Companies and covers gaps in Medicare Coverage.
The Medicare program provides healthcare coverage to approximately 44 million Americans, making it America's largest government-sponsored healthcare program in which qualifying consumers can enroll. However, even though it provides coverage for many health-related issues, Medicare often does not cover the full cost of healthcare for participants. Participants, therefore, need to be aware of what is and is not covered by their particular plan in order to ensure that they purchase necessary Medicare Supplement insurance or enroll in additional coverage plans, if needed.
Medicare coverage has deductibles that increase every year, and many gaps that could leave you with unlimited out-of-pocket expenses. A Medicare Supplement plan can help protect against these expenses.
Medicare Supplemental Health Insurance helps you pay for co-pays, coinsurance, deductibles and excess charges not normally covered by Medicare.
In addition, Medicare Supplemental Health Insurance also provides some Benefits not provided by Medicare. Its only for original Medicare. It doesnt provide insurance for other types of health coverage, including:
Medicare Advantage Plan
Stand-alone Prescription Drug Plans
Employer/Union Group Health Coverage
Medicaid
Veterans Administration (VA) Benefits
TRICARE
There are two reasons you need Medicare Supplemental Health Insurance:
1. Cover Gaps in Original Medicare
2. Receive Benefits not Covered by Original Medicare
In short, Medicare Supplemental Health Insurance Plans help you reduce out of pocket expenses not covered by original Medicare.
As the nations leading independent agency specializing in Medicare Supplemental Health Insurance Plans, MediGap Advisors can show you how you can save money with the best Medicare Supplemental Health Insurance plans that fit your needs and your situation.
Our professional advisors will take a look at your biggest health care expenses and show you the best Medicare Supplemental Health Insurance plans to protect you from charges that Medicare doesnt cover. Call 866-681-7712 to speak with a professional advisor.
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