Most people already have Medicare Supplement Plans in place. However, not everyone needs a Medicare Supplement plan. If you already have other medical coverage, the differences may already be covered. You may not need a Medicare supplement plan if:
You already have Medicare Part A and B. You may also have Medicare Part D, depending on your coverage. Medicare Supplement Plan F is for senior citizens. Medicare Supplement Plans C and D do not cover dental benefits.
If you do not have Medicare coverage for all the services in the following list, you may not need a Medicare Supplement plan: Critical Care Services, emergency care services, surgical services, specialized therapeutic services, extended care planning services, hospital admissions, inpatient stays, home health service, non-medical doctor visits, mental health services, pharmacy services, blood and platelet supplies, and occupational health services. If you do have coverage other than those mentioned above, you may want to consider Medicare Part D, but check with your doctor first.
Medicare Advantage Plans are intended to fill the gap left by Medicare Parts A and B. They’re like the highlighters that can be added to your current Medicare prescription medicine plan to give you extra help paying for your medications. There are two types of Medicare Supplement Plans. One is called Medicare Part A and the other is called Medicare Part B.
Medicare Supplement Plans can cover items from the following lists: Critical Care Services, extended care planning services, inpatient stays, hospice care, nursing home care, medication coverage, and professional indemnity insurance. Some plans include a prescription drug benefit. Many people are confused about which plan they should choose because there are so many on the market. Luckily, there is one easy way to find out which ones are best for you and your family.
Several websites will help you identify the best Medicare Supplement Plans for your needs. These sites use sophisticated tools to gather information about the various Medicare plans available. After entering in a few personal details, you will receive a list of plans that match your specific coverage needs.
Some sites also offer comparisons between the various plans. Once you’ve selected a few plans you like, follow the links to their corresponding payment processes, Medicare Supplement policy forms, as well as the official Medicare websites for the various plans.
Remember that even though you’re getting extra benefits, you don’t want to overpay for your medication. The Medicare Supplement Plan will pay up to the maximum amount of out-of-pocket expenses for covered services. This means that the premium for the medical plan f the most important factor in deciding which plan is right for you. After determining which plans best meet your needs, enroll in them and start taking advantage of all the benefits these plans provide.