Medicare is a great start, but may not provide all of the coverage you need. Unplanned medical expenses could be an unwelcome surprise. Supplemental insurance can help cover the Medicare gap.
Medicare Part A and Part B typically cover only about 80% of your medical bills with perscriptions being partially covered under Part D. There are two types of policies available to fill these gaps; Medigap and Medicare Advantage Plans.
Medigap Plans
Available as Medigap Plan A through L, policies sold by all companies must be the same. Generally you must have Medicare Part A and B to be eligible. These plans are a great way to minimize out-of-pocket expenses associated with the Medicare coverage gap.
Advantage Plans
These plans act much like a standard medical plan and provide a comprehensive package of benefits that typically exceed standard Medicare. These plans can help you get more out of your health care dollar and have various options available.
back