Insurance Medicare Supplement : Am I required to get Medicare Supplemental?
There are two different Medicare Plans which are called Part A and Part B. The main Medicare program is Medicare Part A. This plan will cover hospital room costs and meals, nursing care services, as well as hospice and home care service. If you paid for medicare up to your retirement then Medicare Plan A is covered through those payments. If this money was not taken out in advance you will be required to pay a monthly premium.
Do I Really Need Part B?
This is where a person needs to be really careful in knowing the differences between the two plans. While the insurance Medicare supplement known as Part B isn’t required it is an important addendum to any medicare plan. Basically this plan will cover just about anything that Part A does not. Doctor visits, in and out of the hospital, are covered, as well as lab tests, x-rays, and any rehabilitation therapy required. As you can see when placing Part A and B together they really work hand-in-hand to the benefit of the patient. The only thing you will find that isn’t covered are prescription drugs. These are handled through what is known as the Part D supplement. People who should look into a supplemental plan include those with any known internal medical problems that may require more extensive care.
Where Do I Go For Medicare Supplemental Insurance?
You will have a premium for Part B as well as Part A so be wise when choosing your supplemental plan. Good supplemental insurance companies work within a similar price range. If you find one that is more expensive, but claims to provide more for your money, be vary wary.
You will need to do your research very carefully. Ask your personal physician, or family members with medicare, who they might suggest for possible insurance Medicare supplement providers. Check each company’s history as well.