If you are of qualifying age to receive Medicare benefits, they may not be enough to cover all of your medical related expenses. But there is an option that you can add on called Medicare supplement insurance.
Medicare supplement insurance is not offered by the federal government but is sold by third-party companies to help you cover costs of medical care that might not be covered entirely by Medicare, according to Medicare.
- Medicare HMO Plans: These require that you see your primary care physician to receive care. Any specialists or hospitals that you visit need to be in your primary network.
When searching for Medigap and Medicare Advantage insurance plans, make sure you consider these following notes:
- Plans can and do vary between regions, including states and even cities.
There are a number of insurance companies that offer Medicare supplement insurance.
It can be confusing trying to determine which supplemental plan that you should opt to use for added medical coverage. According to CNN, there are 12 different policies that you can choose from, each with its own set of pros and cons. What's more, CNN says that, "There is no difference in plans offered by different insurers; plan details are all set by the government."
As with any insurance, make sure you understand the policy that you are agreeing to and what it covers before purchasing it so that there are no unwanted surprises after the fact.