What is Medicare supplemental medical insurance and its key points?

Medicare supplemental medical insurance is sold by private insurance companies, regulated by the government. This plan aims to cover supplies and health care services that may or may not be included in the Original Medicare Part A and B. They can help in paying some of the remaining deductibles, coinsurance, and copayments.

Some Medicare supplemental medical insurance policies cover certain services that Original Medicare does not cover.

  • It covers medical care when you travel outside the U.S.
  • Pay a particular share of the cost of the Medicare-approved amount for covered healthcare costs.
  • It only supplements your Original Medicare benefits.
  • A monthly premium needs to be paid to private insurance companies, besides the monthly Part B premium.
  • It covers only one person. If you want you and your spouse to be covered, you will need to buy separate policies.
  • You can buy a Medigap policy from any private insurance company authorized to sell it in your state. Check with AskHPM experts to know more about the different insurance companies.
  • It is illegal to sell you a Medigap policy if you have a Medicare Advantage Plan unless you switch back to your Original Medicare.
  • It is a complicated system that requires you to study it thoroughly before making a purchase.

Get a better understanding of all types of Medicare supplemental medical insurance plans with the help of AskHPM advisors today. Visit www.askhpm.com to know more about benefits, coverage, and eligibility immediately.