Supplemental insurance can fill the gaps not covered by traditional Medicare
Medical insurance is complicated and when you add in supplemental insurance it gets even more muddy. That is why it is a good idea to discuss your medical and supplemental insurance with a qualified and experienced broker or agent. PRS Insurance can help you with the right medical and supplemental insurance in Dallas, Houston and Richardson.
Supplemental insurance also referred to as Medigap can help fill the areas that normal Medicare does not cover. Supplemental insurance can be especially useful for seniors who are more likely to need additional and costly medical treatments. Medigap can also take care of things such as co-payments, coinsurance and deductibles. In addition, supplemental insurance can extend your coverage when you travel abroad.
Medigap is a supplemental insurance and not an advantage plan. If you have an advantage plan, then you don’t need Medigap. Like advantage plans, supplemental insurance is sold by private companies who are approved by the Medicare system. Medicare provides a great deal of coverage but it does not cover everything and supplemental insurance can provide coverage for areas that original Medicare does not cover.
There are different supplemental plans to choose from. These plans are named using certain letters from the Alphabet. For example, Medigap A is a basic form of supplemental insurance which offers 100% cover for Medicare Part A hospital expenses and coinsurance.
Most supplemental insurance plans are basically the same irrespective of the company that sell them. This is because the plans have to follow the rules and guidelines set by the government. Medigap only covers you and not your spouse. If you and your spouse want supplemental coverage, you will need separate policies.
As you can see there are many options when it comes to supplemental insurance so you will save time and money if you discuss your requirement with your agent.