Confused by Medicare Supplement insurance?
September 19, 2016
You may have heard the term Medicare Supplement insurance but you’re not exactly sure what it is, what it covers or if you really need it. And if you’re like many people, you also find Medicare terminology confusing.
Medicare has helped millions of Americans pay for the health care services they need. You’ve likely contributed to the program through the Social Security taxes deducted from your paycheck. But if you think that Medicare will cover all your healthcare-related expenses once you reach age 65, think again. When you’re budgeting for the future, there’s one important fact to keep in mind: Medicare doesn’t cover everything.
That’s where Medicare Supplement insurance comes in. To give you a better understanding of Medicare Supplement insurance, here are the answers to three of the most common questions:
What is Medicare Supplement insurance?
Medicare Supplement insurance plans can help you pay for items that Medicare may not cover. Even when Medicare covers the cost of a service or item, you generally have your own portion to pay, in the form of deductibles, coinsurance and copayments. Medicare Supplement insurance helps you pay for these out-of-pocket costs.
What does it cover?
Medicare Supplement insurance plans can help you pay for items such as:
Why do you need Medicare Supplement insurance?
Your share of medical costs and related expenses can quickly add up. Medicare Supplement insurance can help you reduce the total out-of-pocket expenses for your medical care.
Learn more about ways you can help save money and spare worry.
Bankers Life is here to help you weigh your options and choose the best combination of benefits for your physical–and your financial–well-being. Contact a Bankers Life agent.
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