Medicare Supplement Insurance
Medicare Supplement Insurance, also referred to as Medigap Insurance, is extra coverage you can purchase from private health insurance carriers to help pay the out-of-pocket costs that Original Medicare doesn’t cover. These policies are only available to purchase once you have enrolled in Original Medicare (Parts A & B).
All Medicare plans are standardized; meaning, they offer the same basic benefits no matter which carrier you buy your policy from.
All Medicare supplement insurance policies are regulated by federal and state laws designed to protect the insured.
Why is it Important to Purchase One
Enrolling in extra protection is beneficial in numerous ways, especially when facing the potential risk of increasingly substantial medical bills as you age. Having a Medicare plan means little to no responsibility for the out-of-pocket costs Original Medicare doesn’t cover. This can include deductibles, copayments, and coinsurances.
Combining Original Medicare and a Medicare Supplement is the best way to keep your out-of-pocket healthcare costs on approved services to a minimum.
If you travel frequently, Medicare Supplement Insurance is also a great option because you can openly visit any doctor or facility that accepts Original Medicare. As of 2019, the official percentage of doctors in the nation who accept Original Medicare is 93%.
It is important to note that we never charge you for using our services, our commission for assisting you comes from the insurance companies. We act as a broker and run quotes with all of the major carriers guaranteeing you the best rate for the benefits that best suit your need.Â
