To help cover your out-of-pocket medical costs, Medicare Supplement insurance policies help pay for items that Medicare may not cover, such as:
- Medicare deductibles
- Hospital and medical care co-insurance
- Extended hospital care
- Physician’s services, hospital outpatient services and supplies
- Ambulance services
Additional benefits of Medicare Supplement insurance plans:
- You choose your own doctors – no need to select a primary care physician
- No referrals are needed to see a specialist
- No claim forms to fill out – medicare pays your providers directly so you don’t need to file claims yourself
- Coverage is guaranteed renewable for life
For more details about what a Medicare supplement insurance policy covers it’s helpful to understand what Medicare does not cover. Medicare does not cover items like deductibles, and coinsurance (The 20%) See the Medicare Supplement Comparison chart to see what each specific Medicare Supplement covers and does not cover – each letered Medicare supplement plan is slightly different.
As a starting point may be helpful to know that Medicare Supplement Plan F is the most comprehensive and covers everything that remains after Medicare Pays its portion of your health care cost. Every other plan omits 1 or more line items and each item that is removed has a cost or premium savings that is passed on the individual policy owner. The removed item from the Medicare Supplement Insurance policy is then the responsibility of the individual. The trade of is the premium savings and in some cases (not all) this offers very good value to the consumer.