Medicare Supplement Insurance helps you pay medical expenses that are not covered by Medicare. There are several different supplement plans, and each serves a different purpose. Medicare Supplement Insurance helps you pay more of your medical bills, so that you will have little to no out-of-pocket costs to pay to doctors, hospitals or pharmacies.
Many private insurance companies are Medicare Supplement Insurance providers. To use these plans, you simply give your doctor, hospital or pharmacy your Medicare card and your Medicare Supplement Insurance card(s). They will first bill Medicaid to see what will be covered. Anything that is left will be sent to your Medicare Supplement Insurance Providers. These policies together will usually pay all or most of your medical expenses, so that you don't have to worry about hefty bills and other out-of-pocket expenses besides your premiums. Some Medicare Supplement Insurance Providers have even made this easier by allowing the doctor or hospital to bill them directly, paying the full amount and then sending Medicare a bill for their portion of the expenses, which Medicare then pays.
Medical expenses in the 21st century can skyrocket quickly. With many seniors living longer than they used to due to better medical care, this equates to those living on pensions and Social Security being strapped by medical bills that they cannot pay. An unfortunate number of people even find themselves choosing between food and their prescription drugs. Since seniors often have more medical expenses than the general public, having Medicare Supplement Insurance is almost as important as having Medicare itself.
What Medicare Supplement Insurance costs you will vary depending on your state, age, health and other factors. We can provide you with a quote for multiple companies simply by filling out our quote request. There are many plans available, and it is best for you to discuss the coverage with Jones Group Insurance Services, either in person or on the phone. We will be able to advise you on coverage, rates and enrollments that meet your budget and your needs. Although you will have to pay a premium, it will be helpful during the coming years as your medical expenses rise in order to keep you in good health. There are also plans to help cover your prescription drug expenses.
Medicare Supplement Insurance is an individual choice, but one that can save you money in the long run. If you have the means to keep up with the premiums, you will have the security and peace of mind knowing that when big bills arise, you will have more than just your Medicare plan to rely on. You will be able to control and plan your costs, which is becoming more and more important in the current national economic situation. If you are on a fixed income, it is imperative.