Medicare supplement plans, also called Medigap plans is meant to supplement Original Medicare benefits. You simply have to enroll in Original Medicare to be eligible for Medigap coverage. You should stay enrolled in Original Medicare for your hospital and medical coverage.
As a medical beneficiary, you may also be enrolled in other types of coverage. When you sign up for Original Medicare, you will need to fill out the initial enrollment questionnaire form and need to mention if you have any other type of insurance. Medicare will use this information to decide who pays first when you take up any health-care services.
In general, all Medicare Supplement plans cover given below benefits-
- Medicare Part A coinsurance and hospital costs
- Medicare Part B coinsurance or copayment
- Blood (First 3 pints)
- Plan A hospice care coinsurance or copayment
But, there are some health services and supplies that Medicare Supplement Plans do not cover. Some of such health services are as below-
- Long-term care (care in nursing home)
- Routine vision or dental care
- Hearing aids
- Private-duty nursing
- Prescription drugs
You should have Medicare Part A and Part b to get a Medicare Supplement plans. Every Medigap policy must be clearly identified as “Medicare Supplement Insurance.
A Medicare policy can only cover one person, so in case you are married, you and your spouse would need to buy separate Medicare policies. You can generally use your Medicare plan with any provider that accepts Medicare. However, some types of Medigap plans known as Medicare Select plans require you to only use doctors and hospitals in provider networks.
No all types of Medicare Plans may be available in all states of United States of America. However, premium costs may vary by plan and location, even for some standard benefits. In general, Medicare Supplement plans are renewable as long as you continue to pay its premium.
Now that you know what coverage you could get with Medicare Supplement plans and what coverage you do not get, you may be wondering if one of these plans may be right for you. Perform an intense research about the plans, and choose the one that fits your budget and requirement.