A lot of people are confused by Medicare Supplemental Insurance coverage. After all, it’s hard enough to figure out the Medicare program itself, let alone gap coverage that offers you so many more options. However, if you step back and take the time to look at your options, you will easily be able to see what you are being offered. Basically, Medicare Supplemental Insurance and Medicare Advantage plans are designed to help you fill in the gaps where your existing coverage leaves off. Medicare only covers most of the basic Medical Insurance needs that you have, so there is always going to be a need for more coverage.
Figuring out what you need with Medicare Supplemental Insurance isn’t difficult. As long as you take the time to call us, we can help you explore all of your options, you will be able to figure it out pretty easily. We start by looking at your existing coverage. Figuring out what is, as well as what isn’t covered. Then, you can look at the standard Medicare Supplemental Insurance plans to see if they suit your needs or start shopping for Medicare Advantage plans from private insurance companies that will provide the coverage that you are lacking.
Medicare Advantage plans are usually the better option because you can customize them to suit your needs. However, some people prefer to stick to the basic Medicare Supplemental Insurance plans for various reasons. It doesn’t matter what you choose so long as you get the coverage that you need to fill in the gaps. Simply talk to one of our friendly agent’s that deals with Medicare Supplemental Insurance. They will be able to help you explore your options and figure out what is best for your needs.
Perhaps the most important rule is that Medicare Part D can only be chosen if you do NOT have a private Medicare Advantage plan with prescription coverage. Private insurance that offers prescription coverage is all that you can have. If you try to double up, even unintentionally, and enroll in Medicare Part D, you could risk getting kicked off of your private insurance plan.