Medicare provides a certain level of coverage for your medical expenses, but it won’t cover all of the expenses.
Medicare supplement insurance plans are designed to help you cover certain charges, or “gaps,” that Medicare doesn’t cover, such as co-payments, deductibles and coinsurance costs. These charges can add up quickly during a sudden or unexpected illnesses or injury.
Medicare supplement insurance covers expenses not covered by Part A and Part B such as chiropractic services, deductibles, coinsurance, co-payments, and Foreign Travel emergency coverage.
Anyone who is eligible for Medicare and is enrolled in Part A and Part B may consider supplement insurance. Even if you are in good health and believe that standard Medicare will provide the coverage you need, it may be a good idea to purchase supplemental insurance. If your health status changes, your ability to enroll in Medicare supplement coverage may be compromised.