Medicare Supplement insurance

Help cover more of your health expenses

The choice is easy. Bankers Life's solution can help you reduce the total out-of-pocket expenses for your medical care.


Help save money, spare worry

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Your share of medical costs and related expenses can quickly add up and the options and terminology can be confusing. Medicare Supplement insurance may help you pay for medical care that isn’t covered by the federal Medicare program. Our knowledgeable insurance agents help simplify the process so you can weigh your options and choose the best combination of benefits for your physical–and your financial–well-being.

To help cover your out-of-pocket medical costs, we offer Medicare Supplement insurance plans A, B, F, with high deductible, G, K, L, M, and N. These policies help pay for items that Medicare may not cover such as Medicare deductibles, hospital and medical care co-insurance, extended hospital care, physician's services, hospital outpatient services and supplies, and ambulance services.

Contact your Bankers Life agent regarding other products that also supplement Medicare such as Medicare Advantage plans*, Medicare Part D prescription drug coverage plans*, and critical illness insurance.

* Coverage is offered by non-affiliated carriers. 

Frequently asked questions

What is Medicare?

Medicare is a federal health insurance program for people who are:

  • Age 65 and older.
  • Younger than 65 with certain disabilities.
  • Any age with end-stage renal disease (ESRD), a type of permanent kidney failure requiring dialysis or a kidney transplant.

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.

What does Medicare Part A cover?

Medicare Part A generally covers the following:

  • Hospital care
  • Skilled nursing facility care
  • Nursing home care when you need more than custodial care
  • Hospice care
  • Home health services

Even when Medicare pays the cost of a service or item, you generally have your own portion to pay, in the form of deductibles, coinsurance and copayments.

What does Medicare Part B cover?

Medicare Part B covers two types of services:

  • Medically necessary services are needed to diagnose or treat your medical condition and must meet accepted standards of medical practice.
  • Preventive services are intended to prevent illnesses like the flu and detect serious conditions at an early stage, when treatment has the best chance of success.

When you’re covered by Medicare, you pay nothing for most preventive services rendered by a Medicare-approved health care provider.

Medicare Part B covers health care costs like:

  • Clinical trials
  • Ambulance services
  • Durable medical equipment
  • Mental health
  • Inpatient stays
  • Outpatient care
  • Partial hospitalization
  • Getting a second opinion before surgery
  • Some outpatient prescription drugs

Even when Medicare covers a service or item, you generally have your own portion to pay, in the form of deductibles, coinsurance and copayments.

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