Medicare Supplement Plans offer relief from the high costs of regular Parts A and B. As you may be aware Medicare Supplement Plans pay the complete cost of your original Medicare. They do not cover the expenses for the outpatient care provided through your original Medicare program. In other words, what Medicare supplement plan covers is entirely dependent on what Medicare part you have selected.
Many people are not aware that Medicare part A and B also cover some of their outpatient hospital stays at a medical facility. Because of this fact many supplemental plans include coverage for these hospital costs. But, they are not part of the original Medicare part A or B coverage. Some of the supplement plans cover only part A or B, so be sure to read the fine print before committing. Some plans may cover the deductibles, premiums and out of pocket expenses associated with Medicare.
Medicare supplemental plans offer savings incentives and family benefits. Some allow you to take advantage of two free trips to the dentist each year. Others give you a 50% discount on the cost of select dental care. There are also many family friendly benefits available including child care benefits, postpartum support, accident insurance and more. Before committing, make sure the supplement plan offers what you need.
Unlike the original Medicare program, Medicare supplement plans do not require you to pay any extra coinsurance or premiums. This means that you will not be paying twice the amount of money for the same coverage. And with the current trends in the health insurance industry many seniors are saving money on both premiums and coinsurance.
There are three basic factors which determine how much Medicare supplement insurance will cost you. They are your age, whether you are single or married, your present health condition and your years of experience in making monthly premium payments. All of these factors are weighted equally in determining your overall costs. Once all of these things have been determined your next step is to determine how much of an enrollment fee you will need to pay.
If you are single and are not eligible for Medicare supplemental insurance because you are not already enrolled in a health plan as of now, then you will need to purchase a plan through the original Medicare system. If you are currently enrolled in a health plan as of this writing and are over the age of sixty-five then you are eligible for the Medicare supplement plans. If you are eligible for Medicare part A and B then your coverage is automatically expanded to cover the same categories that are covered under Medicare part A and B. In order to receive these additional benefits you will need to enroll in a supplemental policy.