Why You Need Medicare Supplemental Insurance

You have to know that Medicare is not a full coverage of all your medical care. The Medicare supplemental insurance or Medigap is aimed to cover the gaps that the Medicare insurance does not cover.

In fact, the basic Medicare coverage provides coverage of most medically necessary hospital bills and doctor’s fees up to 80%. However, there are still 20% that you have to pay.

As well, you have to remember that Medicare does not cover dental, vision and hearing care as well as there is no coverage for routine checkups. Besides, it does not cover prescription drugs. Today Medicare is starting to look more like a sieve than a safety net.

However, first of all, there is a need to determine who is eligible for Medicare:

– People older than 65 years old

– Disabled

– People who are waiting a transplant for permanent kidney failure or those receiving dialysis

In fact, Medicare consists of two parts – Part A and Part B. You do not have to confuse these with Medicare supplemental insurance Part A and Part B. All Medicare supplemental plans are designed to help people fill the gaps in Medicare Plan A and Plan B.
Medicare Plan A covers the majority of hospital bills and hospital care. At the same time, Medicare Part B deals mainly with medical equipment, doctor’s fees, outpatient care, diagnostics and certain types of rehabilitation. However, there are still some limitations. For instance, inpatient hospital care coverage will not last forever and when the Medicare insurance runs out, you have to pay for everything by yourself.

As well you have to remember that the majority of doctors in the USA accept only Medicare payments, but not yours. In that case, your doctor could charge up to 15% more than the Medicare approved amount. And thus it could be quite expensive for you.

Medicare plans are well-known today. But they cannot cover all the issues. That’s why there have appeared Medicare supplements like Medigap. Those who are in Colorado and can apply for Medicare might be also interested in Colorado Medicare Supplement and Colorado Medigap.