Medical Supplement Plans: What it is and what it covers?

Medical Supplement Plans: What it is and what it covers?

Medicare Supplement Plans are also usually called “Medigap”. It is a private insurance policy that can help pay for some of the health care costs that Medicare does not cover.

If you are a Medicare beneficiary, the public health system covers people 65 and older. They also cover younger people with certain medical conditions and disabilities.

In Medical Supplement Plans, the options you have are determined with letters: A, B, C & D.

Levels A, and B are the basic ones, which is called Traditional Medicare, while levels C & D offer extra coverage. Specifically, these Medical Supplement Plans offer these services:

Medicare Part A: It is the basic and vital part of Medicare and includes fundamental services, such as home care, hospitalization, hospice service and medical care needed by older adults living in homes or home nursing. Part B: Level B complements the previous one with the payment of expense resulting from diagnostic tasks, necessary treatments for a disease or illness and preventive treatments and tests, such as the early diseases detection. B Plan includes expenses like transportation of hospital, expenses of medical equipments, clinical research, or outpatient care that a patient undergoes.

Part C: This C part is also called as Medicare Advantage, this level involves contracting private insurance which is accepted by the Medicare program for supplement coverage that do not offer the basic levels. This coverage includes, for example, hearing treatments, vision problems, health and wellness programs, dental care, the cost of prescription drugs , and nursing expenses. Part D: Part D covers mostly prescriptions, that is, what prescription drugs cost. With Medicare Part D coverage, the patient does not have to pay when he buy from the pharmacy, something he does have to do if he has only the basic plan of the program.

Medicare: plans and coverage:

Medicare is a federal public program created to offer health services to older adults. Do not forget that people 65 years of age and older need health insurance and some younger people with certain disabilities qualify for Medicare.  This is provided they are US citizens or have lived a minimum of five years as legal and permanent residents in the country. The program also extends to people who do not meet those requirements, but who can enjoy Medicare if they pay a premium – monthly payment. In this way, you will be eligible for a Medicare plan if you are 65+ years of age, and do not meet the requirement of citizenship or residence, but your spouse or you have paid taxes in the United States for at least 10 years.