Protecting Those You Love the Most

The Top Reasons to Get Insurance to Supplement Medicare

As you age, your healthcare needs become more complex, and you rely more heavily on medical services than ever before. After a lifetime of contributing to Medicare, many seniors are disappointed to realize it only covers a portion of their healthcare costs. This is where additional insurance, known as Medicare Supplement Insurance or Medigap, comes in. Here are some of the top reasons why getting insurance to supplement Medicare is a wise investment in your long-term well-being.

Comprehensive Coverage

While Medicare covers a number of essential services, it falls short in several areas, such as dental, vision, and hearing. Supplement insurance fills in the gaps and often covers preventive and diagnostic services that Medicare doesn’t. With supplemental insurance, you have peace of mind knowing you’re covered for major medical expenses like hospitalization, ambulatory surgery, and chemotherapy.

Lower Out-of-Pocket Expenses

Medicare beneficiaries typically face significant out-of-pocket costs, co-pays, and coinsurance that can add up quickly and become a major financial burden. Supplemental insurance reduces these expenses and, in some cases, eliminates them altogether. You can also avoid paying the Medicare Part B deductible by getting supplemental insurance.

Wide Range of Coverage to Choose From

There are ten Medicare Supplement Insurance plans available, each providing varying levels of coverage. You have the flexibility to choose the plan that aligns with your specific needs and budget. This flexibility allows you to choose the coverage that matches your specific healthcare requirements and preferences.

Guaranteed Acceptance

You can enroll in Medicare Supplement Insurance at any time, but the best time to sign up is during the open enrollment period, which lasts for a few months after you enroll in Medicare Part B. In most states, you will be guaranteed coverage without medical underwriting or health questions during this time. After the open enrollment period, you may be subject to underwriting and may have to pay higher premiums or face eligibility limitations.

Protection Against Future Health Risks

No one knows what the future holds, but it’s wise to be prepared for any upcoming health risks. Supplemental insurance acts as a safety net, ensuring you have coverage in case of unexpected illnesses or accidents. You cannot predict when you may need it, but it makes sense to sign up and protect yourself before the need arises.

Getting insurance to supplement Medicare is smart for any senior looking to protect their health and save money. Not only does it deliver comprehensive coverage, but it also reduces out-of-pocket expenses, gives you a variety of coverage options to choose from, provides guaranteed acceptance, and protects you against future health risks. With the help of supplemental insurance, you can rest easy knowing you’re covered and enjoy peace of mind during your golden years. Make sure to compare different plans before enrolling in a policy to determine which one suits your needs.

To learn more about Medicare supplement plans, contact a professional near you.