There are so many levels of Medicare insurance these days that we need to mainly focus on Part A, the main plan, and Part B, the main supplemental insurance plan. Part A is the plan we receive through Medicare. This includes any inpatient hospital stays with a semi-private room, food, tests, and doctor’s fees. Basically this means anything done during your hospital stay. Supplemental Part B insurance is important in that it will enhance general Medicare coverage. Outpatient procedures are almost entirely covered through this supplemental plan. One important supplement that isn’t covered are prescription drugs which fall under the Part D plan. Part B is not mandatory but very necessary to make sure that you have both inpatient and outpatient coverage.
How to find the best Medicare supplemental insurance is a common question as we reach retirement. There is really no such thing as a “best” deal when it comes to a supplement. The Part B plan is regulated and coverage is the same from one provider to another. Likewise you should find that most plans of this type will have a common priceline. The best medicare supplemental plan for you is based on your comfort level with each company you research and recommendations from reliable sources such as physicians.
For those who have limited resources or are interested in Part D coverage for medication, there are the Medicare Advantage Plans or Medigap plans. These are both offered through private companies and regulation is not as guaranteed through these sources.
How to find the best Medicare supplemental insurance for you depends on your existent health and an honest look to the future. There are more and more offers through government and private plans that are constantly changing.