Many seniors on Medicare today are also on a fixed income.
If you ask them, they will tell you that a Medicare Supplement plan is a must have. Financial protection is more important than ever as you get older. You can take action to protect yourself against the unexpected and high out-of-pocket costs. Knowing exactly what your healthcare will cost you in a given year provides you with peace of mind.
Original Medicare only covers about 80% and you are responsible for the balance, unless you have a supplement plan. Private insurance companies offer plans called Medigap, also known as Medicare Supplement insurance. These plans cover the “gaps” in Medicare and protect your assets. Medicare along with a true Medigap insurance plan can provide seniors with financial peace.
Medicare Supplement/Medigap – What’s it all about?
Again, a Medicare Supplement or Medigap insurance plan is provided by private health insurance companies and can be purchased by anyone who is enrolled in both Part A and Part B of Original Medicare.
Why do you need a Medicare Supplement? This is one of the most frequently asked questions. Consider this list which explains what isn’t covered by Original Medicare:
- Long-term care outside of a nursing
home, or care at home, unless it’s provided by a professional nurse or therapist
- Care for daily living such as walking, dressing, bathing, shopping, eating and taking medicine
- More than 100 days of Skilled Nursing Facility (SNF) care following a hospital stay
- Cooking and cleaning services
- Private-duty nurse
- Dental care and dentures
- Health expenses outside U.S. except for some occurrences
- Emergency care outside U.S.
- Cosmetic surgery
- Routine foot care
- Eyeglasses (except after cataract removal)
- Hearing aids
Medicare Supplement plans will not provide for Long-Term care like in a nursing home or assisted living facility. However, both Original Medicare and Medigap do help cover initial stays in these types of facilities but for a limited time. Original Medicare will pay for medically necessary services, usually at 80% after you pay your deductible, unless you have a Medicare Supplement.
If you happen to be looking for the best Medicare Supplement plan, you are in the right place, contact us now for quotes and more details!
To find out more on what plan is right for your situation, please go the contact us page or call (888) 901-4870. Thank you.Source: www.buybestmedigap.com