Medicare Supplement Plans

Under current Medicare law, senior citizens have certain protected rights. Law explicitly states that seniors have the right not to be cold-called and Medicare providers are barred from using sales tactics or high-pressure strategies. Medicare enrollees are encouraged to ask questions and have family members present.

A Medicare supplement plan (Medigap) is intended to cover the costs that original Medicare does not pay. Medicare Supplements (Medigap) and Medicare Advantage plans both help cover medical costs. A Medicare Supplement Plansuseful analogy for the difference between Medicare supplement plans (Medigap) and a Medicare Advantage Plans is the difference between ordering fast-food items a la carte (supplements) and ordering them as a combination (Advantage plans).

Supplemental insurance covers the 20% of Medicare’s 80/20 cost-sharing split and usually works in the same way as a Preferred Provider Organization. PPOs allow enrollees to choose physicians and services outside of the network, usually at a premium price. This is also sometimes referred to as Medigap coverage.

It can be used with any Medicare-approved physician. Medigap coverage typically does not include vision, hearing, dental, long-term care or prescription medications

Choosing which part or plan may be right for a particular individual cannot be distilled to a single, simple formula.

It is a simple question that involves many more questions to determine which plan serves an individuals specific needs, wants and budget. The best course of action would be to ask an independent professional for help.