Are you sure you have all the medical insurance coverage that you need? Have you looked at your finances and your current coverage to see if you are as covered as you should be for those costly medical expenses? What about unexpected expenses? Have you planned for them? We urge you to look at Medicare Supplement Plans for 2018, if you are a Medicare subscriber or you will soon be eligible for Medicare.
You may not realize how important these supplemental plans are. They don’t get talked about as much as Medicare does, but the sad truth is that Medicare will be inadequate for most people. It will cover a large portion of their medical expenses, in most cases, but it still leaves them with expenses to pay. How much you have left over to pay after Medicare does what it is supposed to will depend on what medical expenses you have.
Understanding the 2018 Medicare Supplement Plans
Let’s take a look at supplemental medical insurance and make certain that you understand what it is and how it can benefit you. We want to start off by saying that supplement plans will only be accessible to you if you already have Medicare’s basic plan. They aren’t meant to stand alone, so you need that other base coverage to qualify for any supplemental plan.
Supplement plans cover expenses like copayments, coinsurance, deductibles, excess charges and a few others. There are 10 different plans- some that cover a lot of supplemental expenses (plans F, G and N) and some that only cover a few or only partially cover some expenses. You can find the plan that suits you and fits your coverage needs, and that’s always the best way to go, rather than trying to buy as much coverage as you can and not really needing it.