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What You Need to Know About Supplemental Insurance Plans

Medicare supplement plans can help to pay out-of-pocket expenses under Medicare Parts A and B. These plans are commonly known as Part D and Part C. Although they are not part of Medicare, many individuals still need to obtain them in order to benefit from the insurance coverage. While there are many types of Medicare supplement plans, here is a brief description of the most common types of them.

How Do I Go About Finding Medicare Supplement Insurance? Most people who use Medicare supplement plans will first turn to a family member or friend, usually their doctor. Medicare supplement plans are available from different health insurance companies, including many large companies. However, you should also check with your state's Department of Insurance website and your state department of health. The Medicare explained website will have more information on health insurance companies.

What Are Medigap Plans? Medigap plans are generally considered an inferior alternative to Medicare supplement plans. Medigap plans do not provide any kind of deductible, which means that they must be paid by the individual before the insurance will begin. Some of the Medigap plans offered by different insurance companies have a co-payment feature. These are co-insurance premiums that have to be paid by the insured. If you choose to get a Medicare supplement plan from a different company, it may have a co-payment feature that is not available in your state. Be sure to read more today!

Medicare Part D Plans and Part B Plans Medicare Part D plan cover prescriptions only, which are generally those that are covered by Prescription Drug Plans of Medicare Parts A and B. These plans are not Medicare supplement plans. Some states allow these plans if a resident has a Medicare prescription drug plan through their state health care program. Discover more facts about supplements at http://edition.cnn.com/2016/10/11/health/dietary-supplement-trends-steady/index.html

Medicare Part D Plans and Part B Plans Medicare Part D plans do not cover any prescriptions at all. They are not necessary for seniors who have Medicare Part A or Part B. Because there is no deductible, there is no need to pay for these out of pocket. There is also no need to pay a co-pay. This type of plan is often provided through the state health care agency in addition to Medicare Part D.

No matter which supplement plan you decide to use, remember to keep in mind that you must have coverage. or you will be responsible for the entire costs of those costs.

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