Many people turn to Medicare Supplemental Insurance when they discover that their Medicare plan does not cover all the expenses they incur. Those with this insurance do pay a premium fee, but they save money on costly surgeries and treatments that Medicare does not cover. You can save money on copayments and other fees as well. These plans will vary based on your age, health, location and other factors, but there are tips that make the supplemental insurance process easier to navigate.
If you have Part B coverage and want supplemental insurance, then you will need to pay the Part B premium and an additional premium. This is because Part B covers many outpatient services but may not cover all long term care or hospice stays. Consider your plan and see if you need extra coverage or are getting everything you want from Part B. It is also important to sign up for Medicare supplemental insurance at the right time. The first six months of being eligible for coverage is the easiest opportunity to get supplemental care. This is the open enrollment period and you can get affordable care without being rejecting. Higher costs and restrictions may apply after this period. Finally, research any company before you trust them with your supplemental insurance needs. Make sure they are offer competitive prices, have a dependable reputation and are approved by Medicare.