Is It Worth Getting Medicare Supplement Insurance?

If you've become eligible to receive Medicare, one choice that you need to make is if you want to purchase Medicare supplement insurance. Here are a few common reasons why people choose to add on to their existing coverage when they are covered by Medicare

Coverage Gaps

While Medicare itself is free for those that are eligible, it does not cover everything that a typical insurance plan does cover. These are known as coverage gaps, and they can come in the form of services that must be paid completely out of your own pocket, high deductible, high coinsurance, and high copays. Thankfully Medicare supplement insurance fills in the coverage gaps so that you do not have to worry about these out-of-pocket costs.

Predictable Healthcare Costs

You never really know what your health is going to be like as you get older, and as a result, how much the healthcare you need is going to cost you. You're not young anymore, and can't just assume that you'll be fine for the foreseeable future. Medicare supplement insurance helps make those healthcare-related expenses predictable and something you can budget for. This is because there are out-of-pocket maximums that place a cap on how much you can potentially pay, which does not exist with regular Medicare.

Provider Choice

Have a doctor that you really want to continue visiting? There are forms of Medicare supplement insurance that allow you to choose who your doctor is as long as they take Medicare. That's why it's always worth looking at the network of doctors for a Medicare supplement plan to confirm that you can keep your doctor

Specialized Care

There are plenty of specialized care doctors that are not covered under original Medicare but are covered with a Medicare supplement plan. This is often the case with things like hearing, dental, and vision care. These are all things that you'll need as you get older in age, and it's possible that having coverage will make you more likely to visit these specialists to get the care that you need. 

As you can see, a Medicare supplement insurance plan can give you some much-needed peace of mind about all of these insurance-related issues. Not sure if a Medicare supplement insurance plan is right for you? Contact a company like Active Medicare Solutions that offers these plans for more information. They'll walk you through how the coverage will change and give you a cost, and then you can decide what is best for you.