By the time you need elder care, you may not have the resources to cover its cost.
Did you know Medicare won’t cover all your health care costs? Medicare Supplement Insurance—or Medigap—lets you avoid financial surprises by filling the gap between what original Medicare pays and what you pay out-of-pocket.
And, enrolling in a supplemental insurance plan when you first become eligible may help reduce your costs later.
With Medicare Supplement Insurance you help manage your health care decisions and you control your:
- Copayments
- Coinsurance
- Deductibles
Medicare insurance comes in several parts with varying degrees of services covered. The four major parts are:
- Medicare Hospital Insurance (Part A) covers hospital stays (semiprivate rooms), tests performed in the hospital, food and doctor’s fees.
- Medicare Medical Insurance (Part B) covers some services not covered by Part A, usually on an outpatient basis, including:
- Ambulance transportation
- Blood transfusions
- Chemotherapy
- Common x-rays
- Drugs administered during an office visit
- Hormone treatments
- Immunosuppressive drugs (for recent organ transplant patients)
- Lab tests
- Outpatient treatments
- Renal dialysis
- Surgeries
- Vaccines for pneumonia and flu
- Medicare Advantage (Part C) replaces the original Medicare plans (Parts A and B), with private health insurance. Since 2003, these plans have been supplemented with prescription plan coverage and are now called Medicare Advantage.
- Medicare Prescription Drugs (Part D) is prescription drug coverage for Medicare beneficiaries who choose to enroll in either a standalone drug plan or Medicare Advantage (Part C) with prescription drug coverage.
Medicare insurance comes in several parts with varying degrees of services covered. The four major parts are:
- Long-term care. Medicare only pays for medically “necessary” care provided by a medical professional in a nursing home or during skilled home health care.
- Custodial care (or activities of daily living): walking, getting in and out of bed, dressing, bathing, toileting, shopping, eating, and taking medicine
- More than 100 days of skilled nursing home care during a benefit period following a hospital stay.
- Homemaker services
- Private-duty nursing
- Dental care and dentures
- Health care received while traveling outside the United States
- Cosmetic surgery
- Routine foot care
- Routine eye care, eyeglasses (except after cataract surgery)
- Hearing aids
Medicare supplement (or Medigap) insurance can be an affordable way to pay for the health care you need but isn’t covered by original Medicare coverage. Supplemental coverage may help limit your annual out-of-pocket medical expenses.
Medicare Supplement Insurance
- Allows you to choose your own healthcare provider
- Covers up to 100% of Medicare deductibles and coinsurance
Medicare Advantage
- Offers competitive premiums and copayments
- Requires you to see an in-network provider for some plans
Medicare Part D
- Covers an extensive list of prescription drugs
- Includes a large and accessible pharmacy network
Our experienced agents will explain the benefits and costs so you can find the right plan for you.
