is an objective source of information and advice to guide you through this process, either for yourself or a loved one.
MedicareSupplemental.com is an information portal and quote provider for Medicare Supplemental Insurance, also called "Medigap" insurance. If you are visiting us, you are likely to be either looking for or contemplating the purchase of a Medicare Supplemental policy.
So, is supplemental insurance right for you?
First, before you decide to purchase Medicare supplemental insurance be sure you can afford the monthly premiums attached to Medicare part B as well as another policy. An experienced insurance broker can help you to choose a supplemental insurance policy that you can afford.
If you have group health insurance, an employer provided plan, or a retirement package that offers medical coverage you probably won't need Medicare supplemental insurance. Any gaps in what Medicare covers will probably be covered by your retirement or group plan. Still, make sure that the features you really want are covered by one or the other - you don't want an unpleasant surprise when you're most in need of health insurance.
If you have Medicare Advantage you won't need additional insurance coverage. Medicaid and Qualified Medicare Beneficiary Plans also pay for premiums and additional costs, but you have to qualify for these based on your income and health status. Still, if you have either of these it isn't likely that you'll need any additional coverage.
If you have a pre-existing health condition you may very well want to get a supplemental insurance plan, however if this is the case it's important that you sign up for supplemental insurance at the right time. Be sure to sign up during the Medigap open enrollment phase. During this time insurance companies cannot charge you more for your pre-existing condition.
Other concerns older Americans often have when it comes to Medicare include extended stays in hospitals, private care, and dental services. These things are not covered by Medicare. Many seniors are dismayed to discover that dental services are not included in Medicare, since they are so important, and can be very expensive.
However you will need to purchase dental insurance separately from supplemental insurance; only dental insurance can cover the cost of your dental expenses.
Routine eye care is not covered either, nor are costs for hearing aids, corrective or cosmetic surgery. If these are issues that concern you, you should definitely look into a specific form of vision or dental insurance as an option. Again, Medicare supplemental insurance doesn’t cover this, so look into separate plans.
And of course, there are some people who want to get supplemental insurance because they like having the added protection… "just in case." If you can afford it, and enjoy that extra security, there's no reason not to purchase a supplemental insurance policy.