When you are 65 years old or older you are definitely required to go for some medical insurance that will pay for all your medical expenses. In this regard, most of the people go for original Medicare Insurance Plan. This insurance is there to pay around 80% of your total medical expenses. What about the rest 20% of expenses? You have two options in this circumstance. First of all, you could pay it from your pocket. On the other hand, you could go for Medicare Supplement Plans that will pay for your 20% medical expenses.
Medicare supplement Plans 2019– an associate insurance
- First of all, you are really required to have original Medicare insurance to pay for most of the medical expenses. Simultaneously, you are also supposed to go for Medicare Supplement Plans that will also work side by side with the original plan. That is the whole point of having this supplement plan and its name also suggests the same.
- Some people may have medical supplement plans without having original medicare plan. This will be utter foolishness because it will be pointless to have the associate insurance plan without availing the original medical insurance. Hence, it is very important to understand the importance and significance of both of these medical insurances.
Supplement Plans do not pay for your medicine
- You have to remember some important things about this supplement insurance plan. The medicare supplement plans are never supposed to pay for your prescribed medicines. It is mainly used to pay for various additional medical expenses that are not generally covered by the original medicare plan. In case, you want to bring prescribed medicine expenses to some insurance cover, then you are supposed to go for some separate medical insurance plan to pay for the medicine. Different kinds of medicine insurance plans are there that can be used to cover the medicine bills as per your convenience and requirements.
- Some of the expenses that are covered by medicare supplement plan are co-insurance, co-medical expenses etc. In case, you do not have this supplement plan then you have to pay all these expenses from your pocket which should not be the case.
Do your research
Before you avail this medicare supplement plan, it is important for you to do your own research on the internet. You are supposed to explore various aspects and information about this supplement insurance. There are various terms and conditions that you have to abide by.