Medicare Supplement


When it comes to Medicare, it is important that you know both sides of the story, and understand the advantages and disadvantages of relying solely on Medicare to provide for your health care needs. Though Medicare covers many health care costs, there are many medical services that Medicare does not cover. This point is clearly made in the "Guide to Health Insurance for People with Medicare" which is published yearly by the Centers for Medicare & Medicaid Services (CMS) of the U.S. Department of Health and Human Services.

As the guidebook suggests, "There are health care costs that Medicare either does Medicare Insurancenot pay in full or does not pay at all. If you need or want services not covered by Medicare, you must pay
all the bill." Why should I consider buying supplemental insurance?
Before Medicare will pay for any of the medical services you want or need, you must first pay the Medicare deductibles. When combined with the coinsurance you are also required to pay, your costs can add up quickly. A supplemental health insurance policy can help pay the bills that Medicare does not cover, providing you with protection from the ever-increasing gaps in your Medicare coverage. There are many different types of supplemental insurance policies available to you. Typically, plans with no or low deductibles will cost more in monthly premiums. On the other hand, a high deductible plan may be the more affordable choice for those who seldom see a doctor, but want protection should the need arise.